Corruption and Development
This public sector note analyzes the issue of the growing recognition and discussion of corruption, and in turn facilitates addressing its costs and causes. Through the examination of corruption causes in developing countries and transition economi...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/1998/05/438765/corruption-development http://hdl.handle.net/10986/11545 |
| Summary: | This public sector note analyzes the
issue of the growing recognition and discussion of
corruption, and in turn facilitates addressing its costs and
causes. Through the examination of corruption causes in
developing countries and transition economies, it is
suggested that prevailing bribery, hence corruption, imposes
a significant tax on foreign direct investment in all
regions. Thus the cost of capital for firms increases
greatly. The note focuses on the creation of a political
will and constructive pressure, as well as assistance from
international organizations and donors in fighting
corruption, by supporting government reforms in economic
policies, institutions, and the pursuit of a healthy civil society. |
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