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

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CHOICE Review

This collection of papers presented at a conference organized by the Institute for International Economics generally adopts the economic approach to crime pioneered by Gary Becker. Papers in the first part of the book attempt to define corruption, categorize different types of corruption, and examine its causes and consequences. Individual papers argue that political corruption lowers investment and economic growth, undermines political legitimacy, and worsens income distribution by increasing the power of those able to pay bribes. Papers in the second part of the book describe some worldwide initiatives seeking to combat corruption. Part 3 is a long and repetitive summary of the issues raised in the rest of the book. As a whole, this work is typical of conference volumes. Papers are of uneven quality, are written for very different audiences, and do not concur regarding the nature of the problem or the required solutions. While some papers argue that a global effort is needed to deal with the problem of corruption, others argue that corruption is a domestic problem that requires a domestic solution. For collections with extensive holdings in public choice and the economics of crime at the upper-division undergraduate level and above.

Notas de autor provistas por Syndetics

Kimberly Ann Elliott is a Research Fellow at the Institute for International Economics.