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Corruption and the Global Economy - Kimberly Ann Elliott

Corruption and the Global Economy

Paperback Published: 1997
ISBN: 9780881322330
Number Of Pages: 256
For Ages: 22+ years old

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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 that effort 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.

[The] most substantial and up-to-date compendium of perspectives on the issue. -- Daniel K. Tarullo, former Deputy Assistant to the President and Director National Economic Council

Prefacep. vii
Acknowledgmentsp. xi
Introductionp. 1
The Globalization of Corruptionp. 7
The Sources and Effects of Corruption
The Political Economy of Corruptionp. 31
Public Officials, Private Interests, and Sustainable Democracy: When Politics and Corruption Meetp. 61
The Effects of Corruption on Growth, Investment, and Government Expenditure: A Cross-Country Analysisp. 83
Commentsp. 109
Opportunities and Options for Reform
International Cooperation to Combat Corruptionp. 119
The Importance of Leadership in Fighting Corruption in Ugandap. 133
Combatting International Corruption: The Role of the Business Communityp. 147
Commentsp. 163
Vito Tanzip. 163
Jules Krollp. 169
Summary and Conclusions
Corruption as an International Policy Problem: Overview and Recommendationsp. 175
US Policy on Corruptionp. 237
Data Sources for Cross-Country Analysis of Corruptionp. 241
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780881322330
ISBN-10: 0881322334
Audience: Professional
For Ages: 22+ years old
Format: Paperback
Language: English
Number Of Pages: 256
Published: 1997
Publisher: The Peterson Institute for International Economics
Country of Publication: US
Dimensions (cm): 0.9 x 0.6  x 1.5
Weight (kg): 0.37
Edition Type: New edition