Fostering Institutions to Contain Corruption
Corruption is bad for development. Leaving aside the morality of bribe taking, influence peddling, embezzlement, and other abuses of power for personal or narrow group gain, corruption impedes investment and growth and exacerbates poverty and inequ...
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| Format: | Brief |
| Language: | English |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1999/06/16366671/fostering-institutions-contain-corruption http://hdl.handle.net/10986/11477 |
| Summary: | Corruption is bad for development.
Leaving aside the morality of bribe taking, influence
peddling, embezzlement, and other abuses of power for
personal or narrow group gain, corruption impedes investment
and growth and exacerbates poverty and inequality. Human
beings are prone to self-seeking behavior. What constrains
individual behavior and makes it conform to larger
collective ends includes the laws that form the core of
norms and institutions. Corruption can never be completely
or permanently eliminated. Effective and durable corruption
control requires multiple, reinforcing, and overlapping
institutions of accountability. And where corruption is
endemic, these institutions need to be of three kinds:
horizontal accountability, vertical accountability, and
external accountability. |
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