The Political Economy of Corruption


Book Description

'Grand' corruption, generally used to define corruption amongst the top political elite, has drawn increasing attention from academics and policy makers during recent years. Our understanding of the causes and mechanisms of this type of corruption, however, falls short of its importance and consequences. This volume provides theoretical analysis of




The Political Economy of Corruption in China


Book Description

This text examines all facets of corruption: meaning, incidence, monetary value, the kinds of goods exchanged, the perpetrators and their strategies, in China since 1949. It explores the irony of how ideology and organizational structures under socialism can both restrain and encourage corruption.




Corruption


Book Description

Corruption: A Study in Political Economy focuses on the problem of corruptions in political economy and functional bribery. This book is organized into four parts encompassing 11 chapters. Chapters 2 to 4 deal with the fundamental relationship among voters, legislators, and interest groups, as well as the role of the government bureaucracy in shaping legislative choices. Chapters 5 illustrates the basic relationships with an analysis of a monopolistic government official charged with allocating a benefit through a queuing system, while Chapter 6 retains the assumption of a single official with monopoly power but moves beyond the queuing model to consider alternative sanctioning strategies, a wider variety of bureaucratic tasks, and bribers who may be competitively or monopolisticly organized. Chapters 7 and 8 explore the potential of a system where officials are permitted to compete with one another in processing applications for governmental benefits. Under this system, an individual or firm rejected by one official can seek the benefit from other bureaucrats. Chapter 9 introduces a final administrative variable into the analysis, while Chapter 10 discusses the governmental corruption to analogous corrupt activities entirely within the private sector. Lastly, Chapter 11 looks into the relation between corruption and democratic theory, the possibility of reforming corrupt bureaucracies, and the link between economics and morality. This book will be of value to public servants, legislators, economists, sociologists, and researchers.




Corruption and the Global Economy


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.




Economics of Corruption


Book Description

Corruption has been part of our economic and political life since ancient times. During the past few years, there has been a resurgence of interest in understanding the impact that corruption has on our societies. The objective of this volume is to stimulate further studies on corruption by providing a review of existing work in this field and raising some questions that warrant further research. Contributors to this volume synthesize studies dealing with various aspects of corruption and present some new questions regarding the origin and impact of corruption. Accordingly, this volume has two aims. First, it attempts to bring together essential elements of different approaches that have been used to understand corruption. Second, many of the contributors in this volume propose a shift in the focus of studies on corruption away from bribery-type activities to corruption that results in distortion of economic policies. Economics of Corruption seeks to define and model corruption. The contributions in this volume examine the political economy of corruption - that is, why it continues to exist - as well as its consequences, and what measures, if any, can be brought to bear on this phenomenon.




Corruption and Government


Book Description

This new edition of a 1999 classic shows how institutionalized corruption can be fought through sophisticated political-economic reform.




Greed, Corruption, and the Modern State


Book Description

What makes the control of corruption so difficult and contested? Drawing on the insights of political science, economics and law, the expert contributors to this book offer diverse perspectives. One group of chapters explores the nature of corruption in democracies and autocracies, and “reforms” that are mere facades. Other contributions examine corruption in infrastructure, tax collection, cross-border trade, and military procurement. Case studies from various regions – such as China, Peru, South Africa and New York City – anchor the analysis with real-world situations. The book pays particular attention to corruption involving international business and the domestic regulation of foreign bribery.




Corrupt Exchanges


Book Description

Corruption undermines the market and challenges government legitimacy. Its hidden character, however, makes it troublesome to study empirically. Corrupt Exchanges seeks to overcome this difficulty using the tools of economics and political science. The papers, presented at the Zentrum for Interdisziplinäre Forschung in Bielefeld, Germany, in 2001, begin a dialogue across disciplinary lines. The contributors are a first-rate group of scholars using diverse techniques, both qualitative and quantitative. Their work demonstrates that, with patience and creativity, the empirical study of corruption is possible and can contribute to the policy debate. One group of papers deals with high-level political corruption especially involving Member States of the European Union. The second group focuses on bureaucratic corruption in developing and transition countries. The papers study particular instances and types of corruption and suggest solutions. This book will interest to those concerned with limiting corruption worldwide, including the business and the nonprofit communities and international aid and lending organizations. The editors are internationally recognized experts in the study of corruption. Donatella Della Porta is Professor of Political Science at the University of Florence and the author (with Alberto Vannucci) of Corrupt Exchanges (1999). Susan Rose-Ackerman is Professor of Law and Political Science at Yale University and the author of Corruption and Government (1999).




The Macroeconomics of Corruption


Book Description

This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal policy, and political economy. It merges macroeconomic growth models with elements of political economic theory to address important applied topics such as income inequality within and across countries, growth slowdowns, and fiscal crises. Revised and updated to include new research findings and recent policy discussions, the second edition contains 15 new sections and 2 new chapters on topics such as public defaults, the wage elasticity of work and the interest elasticity of saving, and the economic and fiscal impact of the 2020 pandemic. Most of the basic ideas are illustrated using a two-period model of government investment that captures the future cost of policies that favor the present. The more subtle and advanced issues are illustrated and, in some cases, quantified, using the overlapping-generations model of economic growth. The models used to illustrate the mechanisms of economic growth are extended to incorporate politics and the behavior of public official. The text concludes with a thorough discussion of policy reforms designed to address the issues discussed in earlier chapters. Intended for students familiar with intermediate-level economics, the second edition contains a technical appendix, expanded end-of-chapter questions and problems, and a complete solutions manual. The second edition also offers updated resources for instructors, including sample syllabi and over 550 multiple choice questions. Offering a unified explanation for the causes and consequences of government failure, fiscal crisis, and needed policy reforms, this text is appropriate for advanced undergraduate and beginning graduate courses in macroeconomics, political economy, and public policy.




Political Corruption in Africa


Book Description

Analysing political corruption as a distinct but separate entity from bureaucratic corruption, this timely book separates these two very different social phenomena in a way that is often overlooked in contemporary studies. Chapters argue that political corruption includes two basic, critical and related processes: extractive and power-preserving corruption.