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Corruption and the Global Economy

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  • Kimberly Ann Elliott

    (Peterson Institute for International Economics)

Abstract

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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Bibliographic Info

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This book is provided by Peterson Institute for International Economics in its series Peterson Institute Press: All Books with number 12 and published in 1997.

ISBN: 978-0-88132-233-0
Handle: RePEc:iie:ppress:12

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Cited by:
  1. Adrian Ducu MATEI, 2013. "Will The Present Economic-Financial Crisis Cause The Expansion Of The Underground Economy?," Review of General Management, Spiru Haret University, Faculty of Management Brasov, vol. 17(1), pages 128-137, MAI.
  2. Guillaume R. Fréchette, 2006. "Panel Data Analysis of the Time-Varying Determinants of Corruption," CIRANO Working Papers 2006s-28, CIRANO.
  3. Argandoña, Antonio, 2006. "The United Nations convention against corruption and its impact on international companies," IESE Research Papers D/656, IESE Business School, revised 12 Oct 2006.
  4. Adrian Ducu MATEI, 2013. "Could The Present Economic-Financial Crisis Give A New Impetus To The Fight Against Corruption And The Underground Economy?," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 2(30), pages 31-42, June.
  5. Bryane Michael (Linacre College), . "Drafting Implementing Regulations for International Anti-Corruption Conventions," QEH Working Papers qehwps150, Queen Elizabeth House, University of Oxford.
  6. J. David Richardson, 2000. "The WTO and market-supportive regulation: a way forward on new competition, technological and labor issues," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 115-130.
  7. Majumdar, Mukul & Yoo, Seung Han, 2011. "Strategic Analysis of Influence Peddling," Working Papers 11-04, Cornell University, Center for Analytic Economics.
  8. Iankova, Elena & Katz, Jan, 2003. "Strategies for political risk mediation by international firms in transition economies: the case of Bulgaria," Journal of World Business, Elsevier, vol. 38(3), pages 182-203, August.
  9. Seung Yoo, 2008. "Petty corruption," Economic Theory, Springer, vol. 37(2), pages 267-280, November.
  10. repec:hal:wpaper:halshs-00590706 is not listed on IDEAS
  11. Christie, Andrew, 2009. "Special and Differential Treatment in the GATT: A Pyrrhic Victory for Developing Countries," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 10(2).
  12. Argandoña, Antonio, 2000. "Sobre la corrupción," IESE Research Papers D/418, IESE Business School.
  13. Kimberly Ann Elliott & Debayani Kar & J. David Richardson, 2002. "Assessing Globalization's Critics: "Talkers Are No Good Doers???"," Working Paper Series WP02-5, Peterson Institute for International Economics.
  14. Argandoña, Antonio, 2000. "Corrupción: El punto de vista de las empresas," IESE Research Papers D/422, IESE Business School.

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