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How to deal with corruption in transitional and developing economies

Author

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  • Yasunobu Sato

Abstract

Purpose - The purpose of this paper is to propose alternate dispute resolution (ADR) as a possible tool to prevent corruption. Design/methodology/approach - After the literature reviews on theory of corruption, the Pacific Consultants International (PCI) case of the Japanese prosecution is examined as a case study of Vietnam, based on some empirical research. Findings - The PCI executives were indicted and sentenced guilty on all counts and the Japanese Government has frozen Yen‐loan until the Vietnamese Government prosecutes the Vietnamese official. Research limitations/implications - This would be a tip of the iceberg. It would be difficult to find all the details of corruption at practice. Practical implications - For enhancing transparency in such informal practice, if it is inevitable, a special dispute processing panel should be established as a Japanese and Vietnamese joint venture as ADR. Originality/value - This is the first major case in which the Japanese Government, which was internationally criticised for its inaction despite adopting the international anti‐corruption regime, took action against the Japanese official development assistance‐related bribing case in Ho Chi Minh City.

Suggested Citation

  • Yasunobu Sato, 2009. "How to deal with corruption in transitional and developing economies," Journal of Financial Crime, Emerald Group Publishing Limited, vol. 16(3), pages 220-228, July.
    • Handle: RePEc:eme:jfcpps:13590790910971775
    DOI: 10.1108/13590790910971775
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