Corruption and the Global EconomyKimberly Ann Elliott Columbia University Press, 1 ÁÔ.Â. 1997 - 256 ˹éÒ The recently-adopted OECD convention outlawing bribery of foreign public officials is welcome evidence of how much progress has been made in the battle against corruption. The financial crisis in East Asia is an indication of how much remains to be done. Corruption is by no means a new issue but it has only recently emerged as a global issue. With the end of the Cold War, the pace and breadth of the trends toward democratization and international economic integration accelerated and expanded globally. Yet corruption could slow or even reverse these trends, potentially threatening economic development and political stability in some countries. As the global implications of corruption have grown, so has the impetus for international action to combat it. In addition to efforts in the OECD, the Organization of American States, the World Trade Organization, and the United Nations General Assembly, the World Bank and the International Monetary Fund have both begun to emphasize corruption as an impediment to economic development. This book includes a chapter by the Chairman of the OECD Working Group on Bribery discussing the evolution of the OECD convention and what is needed to make it effective. Other chapters address the causes and consequences of corruption, including the impact on investment and growth and the role of multinational corporations in discouraging bribery. The final chapter summarizes and also discusses some of the other anticorruption initiatives that either have been or should be adopted by governments, multilateral development banks, and other international organizations. |
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˹éÒ 8
... corruption that was once hidden. But almost everywhere, we observe a marked decrease in the willingness of the public to tolerate corrupt practices by their political leaders and economic elites. A Legitimation Crisis In the largest ...
... corruption that was once hidden. But almost everywhere, we observe a marked decrease in the willingness of the public to tolerate corrupt practices by their political leaders and economic elites. A Legitimation Crisis In the largest ...
˹éÒ 9
... corruption charges. In South Korea as well, the end of the Cold War opened the floodgates of public anger at the antidemocratic and corrupt practices of the politicians and the large conglomerates, or chaebol. As Business Weeks John ...
... corruption charges. In South Korea as well, the end of the Cold War opened the floodgates of public anger at the antidemocratic and corrupt practices of the politicians and the large conglomerates, or chaebol. As Business Weeks John ...
˹éÒ 13
... corrupt practicesto the extent, for example, of allowing corporate tax ... practices, culture, and ethics will not interpenetrate all markets. If it ... corrupt practices. Corruption distorts competition and may reduce gains from free ...
... corrupt practicesto the extent, for example, of allowing corporate tax ... practices, culture, and ethics will not interpenetrate all markets. If it ... corrupt practices. Corruption distorts competition and may reduce gains from free ...
˹éÒ 15
... corrupt individuals or practices. Over the past decade, for example, the Swiss government, spurred by pressure from other nations, has made major progress in loosening its once-strict bank secrecy laws. Once alleged to harbor millions ...
... corrupt individuals or practices. Over the past decade, for example, the Swiss government, spurred by pressure from other nations, has made major progress in loosening its once-strict bank secrecy laws. Once alleged to harbor millions ...
˹éÒ 17
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1 | |
7 | |
I The Sources and Effects of Corruption | 29 |
II Opportunities and Options for Reform | 117 |
III Summary and Conclusions | 173 |
Appendices | 235 |
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action agencies American antibribery anticorruption Barro benefits bidding bribery of foreign bureaucrats chapter civil codes combatting corruption companies composition of government consequences of corruption contracts corporate Corrupt Practices corruption index costs criminal deductibility of bribes democracy democratic developing countries economic growth effects of corruption efforts elites enforcement ernment example export FCPA firms Freedom House funds GLOBAL ECONOMY government expenditure government officials government procurement groups illicit implement incentives increase institutions International Monetary Fund INTERNATIONAL POLICY PROBLEM investment issue Johnston Klitgaard levels of corruption Mark Pieth Mauro ment Moisés Naím money laundering OECD Organization pay bribes payments payoffs percent Political Corruption potential programs projects public officials Rafael Di Tella recommendation reforms rent-seeking Risk role Rose-Ackerman rules ruption scandals strategies tax deductibility tion trade transactions transnational bribery Transparency International Uganda United World Bank World Trade Organization