Corruption and the Global Economy

edited by Kimberly Ann Elliott
June 1997
Book Description

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.



Kimberly Ann Elliott

1. The Globalization of Corruption 252.5KB
Patrick Glynn, Stephen J. Kobrin, and Moisés Naím

I. The Sources and Effects of Corruption

2. The Political Economy of Corruption 262.5KB
Susan Rose-Ackerman

3. Private Officials, Public Interests, and Sustainable Democracy: When Politics and Corruption Meet 234.9KB
Michael Johnston

4. The Effects of Corruption on Growth, Investment, and Government Expenditure: A Cross Country Analysis 250.0KB
Paolo Mauro

5. Comments 176.9KB
Dani Rodrik and James E. Rauch

II. Opportunities and Options for Reform

6. International Cooperation to Combat Corruption 199.4KB
Mark Pieth

7. The Importance of Leadership in Fighting Corruption in Uganda 196.0KB
Augustine Ruzindana

8. Combatting International Corruption: The Role of the Business Community 204.9KB
Fritz F. Heimann

9. Comments 179.7KB
Vito Tanzi and Jules Kroll

III. Summary and Conclusions

10. Corruption as an International Policy Problem: Overview and Recommendations 529.6KB
Kimberly Ann Elliott

Appendix A-B 278.6KB

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Book Data

June 1997
ISBN paper 978-0-88132-233-0
256 pp.

Commentaries on This Book

" ... 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

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