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Corruption and Fraud in Financial Markets: Malpractice, Misconduct and Manipulation
by Carol Alexander Douglas CummingIdentifying malpractice and misconduct should be top priority for financial risk managers today Corruption and Fraud in Financial Markets identifies potential issues surrounding all types of fraud, misconduct, price/volume manipulation and other forms of malpractice. Chapters cover detection, prevention and regulation of corruption and fraud within different financial markets. Written by experts at the forefront of finance and risk management, this book details the many practices that bring potentially devastating consequences, including insider trading, bribery, false disclosure, frontrunning, options backdating, and improper execution or broker-agency relationships. Informed but corrupt traders manipulate prices in dark pools run by investment banks, using anonymous deals to move prices in their own favour, extracting value from ordinary investors time and time again. Strategies such as wash, ladder and spoofing trades are rife, even on regulated exchanges – and in unregulated cryptocurrency exchanges one can even see these manipulative quotes happening real-time in the limit order book. More generally, financial market misconduct and fraud affects about 15 percent of publicly listed companies each year and the resulting fines can devastate an organisation's budget and initiate a tailspin from which it may never recover. This book gives you a deeper understanding of all these issues to help prevent you and your company from falling victim to unethical practices. Learn about the different types of corruption and fraud and where they may be hiding in your organisation Identify improper relationships and conflicts of interest before they become a problem Understand the regulations surrounding market misconduct, and how they affect your firm Prevent budget-breaking fines and other potentially catastrophic consequences Since the LIBOR scandal, many major banks have been fined billions of dollars for manipulation of prices, exchange rates and interest rates. Headline cases aside, misconduct and fraud is uncomfortably prevalent in a large number of financial firms; it can exist in a wide variety of forms, with practices in multiple departments, making self-governance complex. Corruption and Fraud in Financial Markets is a comprehensive guide to identifying and stopping potential problems before they reach the level of finable misconduct.
Corruption and Fraud in Financial Markets: Malpractice, Misconduct and Manipulation
Identifying malpractice and misconduct should be top priority for financial risk managers today Corruption and Fraud in Financial Markets identifies potential issues surrounding all types of fraud, misconduct, price/volume manipulation and other forms of malpractice. Chapters cover detection, prevention and regulation of corruption and fraud within different financial markets. Written by experts at the forefront of finance and risk management, this book details the many practices that bring potentially devastating consequences, including insider trading, bribery, false disclosure, frontrunning, options backdating, and improper execution or broker-agency relationships. Informed but corrupt traders manipulate prices in dark pools run by investment banks, using anonymous deals to move prices in their own favour, extracting value from ordinary investors time and time again. Strategies such as wash, ladder and spoofing trades are rife, even on regulated exchanges – and in unregulated cryptocurrency exchanges one can even see these manipulative quotes happening real-time in the limit order book. More generally, financial market misconduct and fraud affects about 15 percent of publicly listed companies each year and the resulting fines can devastate an organisation's budget and initiate a tailspin from which it may never recover. This book gives you a deeper understanding of all these issues to help prevent you and your company from falling victim to unethical practices. Learn about the different types of corruption and fraud and where they may be hiding in your organisation Identify improper relationships and conflicts of interest before they become a problem Understand the regulations surrounding market misconduct, and how they affect your firm Prevent budget-breaking fines and other potentially catastrophic consequences Since the LIBOR scandal, many major banks have been fined billions of dollars for manipulation of prices, exchange rates and interest rates. Headline cases aside, misconduct and fraud is uncomfortably prevalent in a large number of financial firms; it can exist in a wide variety of forms, with practices in multiple departments, making self-governance complex. Corruption and Fraud in Financial Markets is a comprehensive guide to identifying and stopping potential problems before they reach the level of finable misconduct.
Corruption and Fraud in Investment Arbitration: Procedural and Substantive Challenges (European Yearbook of International Economic Law #22)
by Adilbek TussupovThis book offers an exciting overview of how the investor-state dispute settlement mechanism currently deals with allegations and/or evidence of fraud and corruption. It provides a detailed analysis of the legal framework under which arbitral tribunals usually operate in investment disputes involving allegations of illegality. Readers will find step-by-step examinations of the corruption and fraud arguments employed by arbitral tribunals in ten landmark ISDS cases, followed by a chapter summarizing the status quo on the topic. The final part of the book discusses the identified challenges of addressing illegality issues in investment arbitration and potential solutions, including the creation of a multilateral investment court.
Corruption and governance in Asia
by J. Kidd F. RichterThis book delves into the nature of governance in Asia both at government and corporate level. It reviews the history and suggests potential solutions for years of underperformance due to the corrupt practices that have developed because of a poor understanding of corporate governance. The authors are experts in practices in Asia and their views are expressed in a sympathetic manner, at no time insisting that a western model of governance is correct. Instead the authors advise local models appropriate to the state of development and suggest that individual countries institute behavioural models that will mature as nations quickly develop in an increasingly global world.
Corruption and Human Rights Law in Africa (Studies in International Law)
by Kolawole OlaniyanThis important new book provides a framework for complementarity between promoting and protecting human rights and combating corruption. The book makes three major points regarding the relationship between corruption and human rights law. First, corruption per se is a human rights violation, insofar as it interferes with the right of the people to dispose of their natural wealth and resources and thereby increases poverty and frustrates socio-economic development. Second, corruption leads to a multitude of human rights violations. Third, the book demonstrates that human rights mechanisms have the capacity to provide more effective remedies to victims of corruption than can other criminal and civil legal mechanisms. The book takes up one of the pervasive problems of governance--large-scale corruption--to examine its impact on human rights and the degree to which a human rights approach to confronting corruption can buttress the traditional criminal law response. It examines three major aspects of human rights in practice--the importance of governing structures in the implementation and enjoyment of human rights, the relationship between corruption, poverty and underdevelopment, and the threat that systemic poverty poses to the entire human rights edifice. The book is a very significant contribution to the literature on good governance, human rights and the rule of law in Africa. Endorsements"Kolawole Olaniyan has taken up one of the pervasive problems of governance - large-scale corruption - to examine its impact on human rights and the degree to which a human rights approach to confronting corruption can buttress the traditional criminal law response. His focus is Africa, but the valuable lessons he teaches in this comprehensive study can resonate throughout the world. The result is a comprehensive and holistic legal framework for addressing some of the root causes of human rights violations and poverty, not only in Africa, but wherever corruption exists." Dinah Shelton Manatt/Ahn Professor of International Law (emeritus) The George Washington University Law School "This book demonstrates the author's mastery of complex jurisprudential and theoretical discourses. His review of the existing literature is extensive, the doctrinal analysis rigorous and the treatment of the subject innovative. Dr. Olaniyan's willingness to introduce fresh eyes to the ways in which doctrine contributes to an understanding of seemingly mundane problems lays the foundation for fertile trajectories from which future scholars can launch exciting inquiries on the relationship between corruption and human rights. Overall, this book makes an important and valuable contribution to the growth and understanding of the corruption/human rights discourse as it is presently constructed." Ndiva Kofele-Kale, University Distinguished Professor of Law, SMU Dedman School of Law, Dallas, USA.
Corruption and Human Rights Law in Africa (Studies in International Law #52)
by Kolawole OlaniyanThis important new book provides a framework for complementarity between promoting and protecting human rights and combating corruption. The book makes three major points regarding the relationship between corruption and human rights law. First, corruption per se is a human rights violation, insofar as it interferes with the right of the people to dispose of their natural wealth and resources and thereby increases poverty and frustrates socio-economic development. Second, corruption leads to a multitude of human rights violations. Third, the book demonstrates that human rights mechanisms have the capacity to provide more effective remedies to victims of corruption than can other criminal and civil legal mechanisms. The book takes up one of the pervasive problems of governance--large-scale corruption--to examine its impact on human rights and the degree to which a human rights approach to confronting corruption can buttress the traditional criminal law response. It examines three major aspects of human rights in practice--the importance of governing structures in the implementation and enjoyment of human rights, the relationship between corruption, poverty and underdevelopment, and the threat that systemic poverty poses to the entire human rights edifice. The book is a very significant contribution to the literature on good governance, human rights and the rule of law in Africa. Endorsements"Kolawole Olaniyan has taken up one of the pervasive problems of governance - large-scale corruption - to examine its impact on human rights and the degree to which a human rights approach to confronting corruption can buttress the traditional criminal law response. His focus is Africa, but the valuable lessons he teaches in this comprehensive study can resonate throughout the world. The result is a comprehensive and holistic legal framework for addressing some of the root causes of human rights violations and poverty, not only in Africa, but wherever corruption exists." Dinah Shelton Manatt/Ahn Professor of International Law (emeritus) The George Washington University Law School "This book demonstrates the author's mastery of complex jurisprudential and theoretical discourses. His review of the existing literature is extensive, the doctrinal analysis rigorous and the treatment of the subject innovative. Dr. Olaniyan's willingness to introduce fresh eyes to the ways in which doctrine contributes to an understanding of seemingly mundane problems lays the foundation for fertile trajectories from which future scholars can launch exciting inquiries on the relationship between corruption and human rights. Overall, this book makes an important and valuable contribution to the growth and understanding of the corruption/human rights discourse as it is presently constructed." Ndiva Kofele-Kale, University Distinguished Professor of Law, SMU Dedman School of Law, Dallas, USA.
Corruption and Illegality in Asian Investment Arbitration (Asia in Transition #22)
by Nobumichi Teramura Luke Nottage Bruno JetinThis open access book explores Asian approaches towards investment arbitration—a transnational procedure to resolve disputes between a foreign investor and a host state—setting it in the wider political economy and within domestic law contexts. It considers the extent to which significant states in Asia are, or could become, “rule makers” rather than “rule takers” regarding corruption and serious illegality in investor-state arbitration. Corruption and illegality in international investment are widely condemned in any society, but there remains a lack of consensus on the consequences, especially in investment arbitration. A core issue addressed is whether a foreign investor violating a host state’s law should be awarded protection of its investment, as per its contract with the host state and/or the applicable investment or trade agreement between the home state and the host state. Some suggest such protection would be unnecessary as the investor committed a crime in the host state, while others attempt to establish an equilibrium between the investor and the host state. Others claim to protect investment, invoking the sanctity of promises made. The book starts with a deep dive into economic and legal issues in corruption and investment arbitration and then explores the situation and issues in major countries in the region in detail. It is a useful reference point for lawyers, economists, investors, and government officials who are seeking comprehensive and up-to-date information on anti-bribery rules in Asian investment treaties. It is of particular interest to students and researchers in economics, finance, and law, who are undertaking new research relating to the multifaceted impacts of corruption.
Corruption and Post-Conflict Peacebuilding: Selling the Peace? (Cass Series on Peacekeeping)
by Christine S. Cheng Dominik ZaumThis edited volume explores and evaluates the roles of corruption in post-conflict peacebuilding. The problem of corruption has become increasingly important in war to peace transitions, eroding confidence in new democratic institutions, undermining economic development, diverting scarce public resources, and reducing the delivery of vital social services. Conflict-affected countries offer an ideal environment for pervasive corruption. Their weak administrative institutions and fragile legal and judicial systems mean that they lack the capacity to effectively investigate and punish corrupt behaviour. In addition, the sudden inflow of donor aid into post-conflict countries and the desire of peacebuilding actors (including the UN, the international financial institutions, aid agencies, and non-governmental organisations) to disburse these funds quickly, create incentives and opportunities for corruption. While corruption imposes costs and compromises on peacebuilding efforts, opportunities for exploiting public office can also be used to entice armed groups into signing peace agreements, thus stabilising post-war environments. This book explores the different functions of corruption both conceptually and through the lens of a wide range of case studies. It also examines the impact of key anti-corruption policies on peacebuilding environments. The dynamics that shape the relationship between corruption and the political and economic developments in post-conflict countries are complex. This analysis highlights that fighting corruption is only one of several important peacebuilding objectives, and that due consideration must be given to the specific social and political context in considering how a sustainable peace can be achieved. This book will be of great interest to students of peacekeeping and peacebuilding, criminology, political economy, war and conflict studies, international security and IR.
Corruption and Post-Conflict Peacebuilding: Selling the Peace? (Cass Series on Peacekeeping)
by Dominik Zaum Christine ChengThis edited volume explores and evaluates the roles of corruption in post-conflict peacebuilding. The problem of corruption has become increasingly important in war to peace transitions, eroding confidence in new democratic institutions, undermining economic development, diverting scarce public resources, and reducing the delivery of vital social services. Conflict-affected countries offer an ideal environment for pervasive corruption. Their weak administrative institutions and fragile legal and judicial systems mean that they lack the capacity to effectively investigate and punish corrupt behaviour. In addition, the sudden inflow of donor aid into post-conflict countries and the desire of peacebuilding actors (including the UN, the international financial institutions, aid agencies, and non-governmental organisations) to disburse these funds quickly, create incentives and opportunities for corruption. While corruption imposes costs and compromises on peacebuilding efforts, opportunities for exploiting public office can also be used to entice armed groups into signing peace agreements, thus stabilising post-war environments. This book explores the different functions of corruption both conceptually and through the lens of a wide range of case studies. It also examines the impact of key anti-corruption policies on peacebuilding environments. The dynamics that shape the relationship between corruption and the political and economic developments in post-conflict countries are complex. This analysis highlights that fighting corruption is only one of several important peacebuilding objectives, and that due consideration must be given to the specific social and political context in considering how a sustainable peace can be achieved. This book will be of great interest to students of peacekeeping and peacebuilding, criminology, political economy, war and conflict studies, international security and IR.
Corruption and Public Administration: The Italian Case in a Comparative Perspective
by Francesco MerloniCorruption and Public Administration looks at public sector organizations and what they have achieved since signing the UN Convention Against Corruption (UNCAC) Agreement in Merida in 2004. It examines how the signee countries engaged in the set-up of institutions to contain corruption in public administration, and how these governments and institutions have progressed. The book compares several developed countries, and undertakes an especially detailed examination of Italy. It highlights strengths and weaknesses, and proposes organizational means of addressing the issues, which include diversity in organizational structures and systems, and a focus on prevention rather than repression. The book shines a light on anti-corruption practices and aims to foster open discussion about this pressing topical issue among peers in all relevant fields of the social sciences.
Corruption and Public Administration: The Italian Case in a Comparative Perspective
by Francesco MerloniCorruption and Public Administration looks at public sector organizations and what they have achieved since signing the UN Convention Against Corruption (UNCAC) Agreement in Merida in 2004. It examines how the signee countries engaged in the set-up of institutions to contain corruption in public administration, and how these governments and institutions have progressed. The book compares several developed countries, and undertakes an especially detailed examination of Italy. It highlights strengths and weaknesses, and proposes organizational means of addressing the issues, which include diversity in organizational structures and systems, and a focus on prevention rather than repression. The book shines a light on anti-corruption practices and aims to foster open discussion about this pressing topical issue among peers in all relevant fields of the social sciences.
Corruption and Reform: Lessons from America's Economic History (National Bureau of Economic Research Conference Report)
by Edward L. Glaeser Claudia GoldinDespite recent corporate scandals, the United States is among the world’s least corrupt nations. But in the nineteenth century, the degree of fraud and corruption in America approached that of today’s most corrupt developing nations, as municipal governments and robber barons alike found new ways to steal from taxpayers and swindle investors. In Corruption and Reform, contributors explore this shadowy period of United States history in search of better methods to fight corruption worldwide today. Contributors to this volume address the measurement and consequences of fraud and corruption and the forces that ultimately led to their decline within the United States. They show that various approaches to reducing corruption have met with success, such as deregulation, particularly “free banking,” in the 1830s. In the 1930s, corruption was kept in check when new federal bureaucracies replaced local administrations in doling out relief. Another deterrent to corruption was the independent press, which kept a watchful eye over government and business. These and other facets of American history analyzed in this volume make it indispensable as background for anyone interested in corruption today.
Corruption and Reform: Lessons from America's Economic History (National Bureau of Economic Research Conference Report)
by Edward L. Glaeser Claudia GoldinDespite recent corporate scandals, the United States is among the world’s least corrupt nations. But in the nineteenth century, the degree of fraud and corruption in America approached that of today’s most corrupt developing nations, as municipal governments and robber barons alike found new ways to steal from taxpayers and swindle investors. In Corruption and Reform, contributors explore this shadowy period of United States history in search of better methods to fight corruption worldwide today. Contributors to this volume address the measurement and consequences of fraud and corruption and the forces that ultimately led to their decline within the United States. They show that various approaches to reducing corruption have met with success, such as deregulation, particularly “free banking,” in the 1830s. In the 1930s, corruption was kept in check when new federal bureaucracies replaced local administrations in doling out relief. Another deterrent to corruption was the independent press, which kept a watchful eye over government and business. These and other facets of American history analyzed in this volume make it indispensable as background for anyone interested in corruption today.
Corruption and Reform: Lessons from America's Economic History (National Bureau of Economic Research Conference Report)
by Edward L. Glaeser Claudia Dale GoldinDespite recent corporate scandals, the United States is among the world’s least corrupt nations. But in the nineteenth century, the degree of fraud and corruption in America approached that of today’s most corrupt developing nations, as municipal governments and robber barons alike found new ways to steal from taxpayers and swindle investors. In Corruption and Reform, contributors explore this shadowy period of United States history in search of better methods to fight corruption worldwide today. Contributors to this volume address the measurement and consequences of fraud and corruption and the forces that ultimately led to their decline within the United States. They show that various approaches to reducing corruption have met with success, such as deregulation, particularly “free banking,” in the 1830s. In the 1930s, corruption was kept in check when new federal bureaucracies replaced local administrations in doling out relief. Another deterrent to corruption was the independent press, which kept a watchful eye over government and business. These and other facets of American history analyzed in this volume make it indispensable as background for anyone interested in corruption today.
Corruption and Scandal in American Sports: Causes and Consequences
by Jimmy SandersonScandals about cheating and corruption have dogged amateur and professional sports in the United States since the nation's earliest days. This work examines the most infamous and consequential of these controversies and scandals both on and off the field.Authoritative Individual essays tackle notorious events in popular American sports ranging from the 1919 Black Sox scandal to revelations of sign stealing by the Houston Astros throughout their 2020 championship season, with stops in between to survey horrific sex abuse scandals at Penn State, Baylor, and Michigan State; steroid and drug scandals that brought down once-admired athletes like Mark McGwire and Lance Armstrong; and cheating/betting controversies that tainted individual players (Pete Rose), teams (Boston College, New England Patriots), and entire leagues (including the Little League World Series in 2001). But this work does more than just recount these events; it will also examine the cultural and economic pressures and forces that contributed to these events, as well as the lessons learned and steps taken (if any) to enact reform and help the sport recover.
Corruption and Scandal in American Sports: Causes and Consequences
Scandals about cheating and corruption have dogged amateur and professional sports in the United States since the nation's earliest days. This work examines the most infamous and consequential of these controversies and scandals both on and off the field.Authoritative Individual essays tackle notorious events in popular American sports ranging from the 1919 Black Sox scandal to revelations of sign stealing by the Houston Astros throughout their 2020 championship season, with stops in between to survey horrific sex abuse scandals at Penn State, Baylor, and Michigan State; steroid and drug scandals that brought down once-admired athletes like Mark McGwire and Lance Armstrong; and cheating/betting controversies that tainted individual players (Pete Rose), teams (Boston College, New England Patriots), and entire leagues (including the Little League World Series in 2001). But this work does more than just recount these events; it will also examine the cultural and economic pressures and forces that contributed to these events, as well as the lessons learned and steps taken (if any) to enact reform and help the sport recover.
Corruption and the Management of Public Safety: The Governance of Technological Systems (ISSN)
by Simon Ashley BennettGraft is a common and persistent social pathogen that afflicts the developed and developing world in equal measure. This book describes, through the medium of international case studies, how graft undermines public safety and how, following a near-miss, incident or accident, investigators can use actor-network theory (ANT) to ascertain to what degree and through what mechanisms graft contributed to the event.The book introduces the reader to graft through a variety of case studies and explains how graft works against the public interest. The relatable case studies include the 1989 Hillsborough football stadium disaster, 2007 Adam Air crash, 2015-ongoing Volkswagen diesel emissions scandal and 2020 Beirut ammonium nitrate explosion (Lebanon). It demonstrates the threat graft poses to public safety, economic success and corporate and national reputation. By the end of the book the reader will understand the nature and extent of the problem of graft, how graft undermines safety, confidence and reputation, and how ANT can be used to identify and quantify graft in respect of the governance of technological systems and to ascertain to what degree and through what mechanisms graft contributed to a near-miss, incident or accident.Primarily aimed at an academic audience, this book will offer essential insights to students, researchers and faculty within the fields of risk, crisis and disaster management, as well as corporate governance and safety. The accessible nature of the book will also appeal to safety practitioners, risk managers and accident investigators.
Corruption and the Management of Public Safety: The Governance of Technological Systems (ISSN)
by Simon Ashley BennettGraft is a common and persistent social pathogen that afflicts the developed and developing world in equal measure. This book describes, through the medium of international case studies, how graft undermines public safety and how, following a near-miss, incident or accident, investigators can use actor-network theory (ANT) to ascertain to what degree and through what mechanisms graft contributed to the event.The book introduces the reader to graft through a variety of case studies and explains how graft works against the public interest. The relatable case studies include the 1989 Hillsborough football stadium disaster, 2007 Adam Air crash, 2015-ongoing Volkswagen diesel emissions scandal and 2020 Beirut ammonium nitrate explosion (Lebanon). It demonstrates the threat graft poses to public safety, economic success and corporate and national reputation. By the end of the book the reader will understand the nature and extent of the problem of graft, how graft undermines safety, confidence and reputation, and how ANT can be used to identify and quantify graft in respect of the governance of technological systems and to ascertain to what degree and through what mechanisms graft contributed to a near-miss, incident or accident.Primarily aimed at an academic audience, this book will offer essential insights to students, researchers and faculty within the fields of risk, crisis and disaster management, as well as corporate governance and safety. The accessible nature of the book will also appeal to safety practitioners, risk managers and accident investigators.
The Corruption Cure: How Citizens and Leaders Can Combat Graft
by Robert I. RotbergWhy leadership is key to ending political and corporate corruption globallyCorruption corrodes all facets of the world's political and corporate life, yet until now there was no one book that explained how best to battle it. The Corruption Cure provides many of the required solutions and ranges widely across continents and diverse cultures—putting some thirty-five countries under an anticorruption microscope—to show exactly how to beat back the forces of sleaze and graft.Robert Rotberg defines corruption theoretically and practically in its many forms, describes the available legal remedies, and examines how we know and measure corruption's presence. He looks at successful and unsuccessful attempts to employ anticorruption investigative commissions to combat political theft and venal behavior. He explores how the globe's least corrupt nations reached that exceptional goal. Another chapter discusses the role of civil society in limiting corruption. Expressed political will through determined leadership is a key factor in winning all of these battles. Rotberg analyzes the best-performing noncorrupt states to show how consummate leadership made a telling difference. He demonstrates precisely how determined leaders changed their wildly corrupt countries into paragons of virtue, and how leadership is making a significant difference in stimulating political anticorruption movements in places like India, Croatia, Honduras, and Lebanon. Rotberg looks at corporate corruption and how it can be checked, and also offers an innovative fourteen-step plan for nations that are ready to end corruption.Curing rampant corruption globally requires strengthened political leadership and the willingness to remake national political cultures. Tougher laws and better prosecutions are not enough. This book enables us to rethink the problem completely—and solve it once and for all.
The Corruption Cure: How Citizens and Leaders Can Combat Graft
by Robert I. RotbergWhy leadership is key to ending political and corporate corruption globallyCorruption corrodes all facets of the world's political and corporate life, yet until now there was no one book that explained how best to battle it. The Corruption Cure provides many of the required solutions and ranges widely across continents and diverse cultures—putting some thirty-five countries under an anticorruption microscope—to show exactly how to beat back the forces of sleaze and graft.Robert Rotberg defines corruption theoretically and practically in its many forms, describes the available legal remedies, and examines how we know and measure corruption's presence. He looks at successful and unsuccessful attempts to employ anticorruption investigative commissions to combat political theft and venal behavior. He explores how the globe's least corrupt nations reached that exceptional goal. Another chapter discusses the role of civil society in limiting corruption. Expressed political will through determined leadership is a key factor in winning all of these battles. Rotberg analyzes the best-performing noncorrupt states to show how consummate leadership made a telling difference. He demonstrates precisely how determined leaders changed their wildly corrupt countries into paragons of virtue, and how leadership is making a significant difference in stimulating political anticorruption movements in places like India, Croatia, Honduras, and Lebanon. Rotberg looks at corporate corruption and how it can be checked, and also offers an innovative fourteen-step plan for nations that are ready to end corruption.Curing rampant corruption globally requires strengthened political leadership and the willingness to remake national political cultures. Tougher laws and better prosecutions are not enough. This book enables us to rethink the problem completely—and solve it once and for all.
Corruption, Development and Institutional Design (International Economic Association Series)
by J. Kornai L. Mátyás G. RolandWith the aim of providing a comprehensive analysis of institutions, and of the global economy more generally, this volume explores systems of institutions and the effect of corruption, developments in behavioural economics, the impact of immigration, and the links between democratic progress and economic growth.
Corruption, Development and the Environment
by Lorenzo PellegriniThe book analyses the influence of corruption on economic growth and environmental protection, examining corruption from different perspectives. It contributes to several streams of the literature and assembles evidence of the influence of corruption on two important variables in human welfare: income and environmental policies. The material evinces the detrimental effect that corruption has on economic growth and on the stringency of environmental policies. It also shows that standard techniques for fighting corruption are often based either on simplistic definitions or on strong assumptions that do not apply in many countries blighted by corruption. From a methodological standpoint, this work combines a number of approaches including a theoretical discussion of corruption and of its definition (often omitted in economic studies), together with econometrics, case studies and policy discussions.
Corruption, Development and Underdevelopment
by Robin TheobaldCorruption, for most of us, almost immediately evokes images of the third world especially countries like Nigeria, Mexico and India. Whilst we may concede that corruption exists in developed countries it is generally thought to be under control. Despite such widely-held views there is very little hard evidence on the actual extent of corruption in any country. This book strives to look behind impressions in an attempt to determine what factors underlie the high profile of corruption in UDCs. For an adequate understanding of the phenomenon the global character of corruption is emphasized as well as the necessity of locating within a broader process of economic and social change.
Corruption, Economic Growth and Globalization (Routledge Studies in the Modern World Economy)
by Aurora A.C. Teixeira Carlos Pimenta António Maia José António MoreiraCorruption is increasingly placed on top of the agenda of national governments and supra national institutions, such as the OECD, UN or the World Bank. A necessary condition for promoting sustainable economic growth is the pre-existence of a stable political system which is able to control corruption. Corruption, however, is a very complex issue, associated with institutional and cultural specificities, personality traits related to individualistic values, and criminal personalities. In this book the social, political and economic realities that prevail in particular settings are viewed from an interdisciplinary, multidimensional, and a multi country perspective. This book is divided into three parts. The first part presents a comprehensive, theoretical and empirical framework of corruption with an overview of literature on economic growth and corruption. Part two, encompasses the in-depth analysis of several countries, ranging from middle corrupted contexts like Portugal, to highly corrupted countries including Serbia, Russia, Thailand and China- the latter viewed from the perspective of firms from a very low corruption country such as Finland. The final part explores the prevention and control of corruption, looking at the public sector in Thailand and fighting corruption with different strategies. This volume is of the interest of those who study international economics, development economics or organised crime.
Corruption, Economic Growth and Globalization (Routledge Studies in the Modern World Economy)
by Aurora A. C. Teixeira Carlos Pimenta António Maia José António MoreiraCorruption is increasingly placed on top of the agenda of national governments and supra national institutions, such as the OECD, UN or the World Bank. A necessary condition for promoting sustainable economic growth is the pre-existence of a stable political system which is able to control corruption. Corruption, however, is a very complex issue, associated with institutional and cultural specificities, personality traits related to individualistic values, and criminal personalities. In this book the social, political and economic realities that prevail in particular settings are viewed from an interdisciplinary, multidimensional, and a multi country perspective. This book is divided into three parts. The first part presents a comprehensive, theoretical and empirical framework of corruption with an overview of literature on economic growth and corruption. Part two, encompasses the in-depth analysis of several countries, ranging from middle corrupted contexts like Portugal, to highly corrupted countries including Serbia, Russia, Thailand and China- the latter viewed from the perspective of firms from a very low corruption country such as Finland. The final part explores the prevention and control of corruption, looking at the public sector in Thailand and fighting corruption with different strategies. This volume is of the interest of those who study international economics, development economics or organised crime.