Corruption and the Global Economy / Edition 1

by Kimberly Ann (Ed.) Ann Elliott, Kimberly Ann Elliott

Overview

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.

Product Details

ISBN-13:	9780881322330
Publisher:	Peterson Institute for International Economics
Publication date:	06/01/1997
Edition description:	New Edition
Pages:	256
Product dimensions:	5.90(w) x 8.90(h) x 0.60(d)
Age Range:	18 Years

About the Author

Kimberly Ann Elliott was a research associate at the Institute, and is co-author of Economic Sanctions Reconsidered (second edition 1990), Auction Quotas and United States Trade Policy (1987), and Reciprocity and Retaliation in US Trade Policy.

Table of Contents

	Preface	vii
	Acknowledgments	xi
	Introduction	1
1	The Globalization of Corruption	7
I	The Sources and Effects of Corruption
2	The Political Economy of Corruption	31
3	Public Officials, Private Interests, and Sustainable Democracy: When Politics and Corruption Meet	61
4	The Effects of Corruption on Growth, Investment, and Government Expenditure: A Cross-Country Analysis	83
5	Comments	109
II	Opportunities and Options for Reform
6	International Cooperation to Combat Corruption	119
7	The Importance of Leadership in Fighting Corruption in Uganda	133
8	Combatting International Corruption: The Role of the Business Community	147
9	Comments	163
	Vito Tanzi	163
	Jules Kroll	169
III	Summary and Conclusions
10	Corruption as an International Policy Problem: Overview and Recommendations	175
	Appendices
A	US Policy on Corruption	237
B	Data Sources for Cross-Country Analysis of Corruption	241

Editorial Reviews

[The] most substantial and up-to-date compendium of perspectives on the issue.

Daniel K. Tarullo

". . . most substantial and up-to-date compendium of perspectives on the issue."--National Economic Council

Tarullo