Corruption and the Global Economy
Kimberly Ann Elliott, Institute for International Economics (U.S.)
Institute for International Economics, 1 gen 1997 - 244 pagine
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. Corruption and the Global Economy has been translated into Arabic, Chinese, Indonesian, andSpanish by various publishers.
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In 1996 the human rights organization Freedom House classified 117 states as
free and democratic — fully 61 percent of ... To be sure, there is no simple
correlation between levels of democracy and levels of corruption (see Johnston,
No democracy is free of corruption, and some authoritarian regimes (notably
Singapore and Chile) have had low levels of it. But in nondemocratic states,
leaders tend not to be accountable to ordinary citizens. Under these
Sustainable Democracy and Anticorruption Reform The sustainable democracy
argument suggests that serious corruption makes political systems less
democratic. But is the converse true? Can democratization reduce corruption? As
noted, I ...
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