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 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.

Bibliographic Details

Main Authors:	Gray, Cheryl W., Kaufman, Daniel
Language:	English
Published:	World Bank, Washington, DC 1998-05
Subjects:	CORRUPTION, DEVELOPMENT, COSTS, CORRUPTION IN POLITICS, REFORMS, CIVIL SERVICE, ECONOMIC REFORM, PUBLIC SECTOR MANAGEMENT ACCOUNTABILITY, ANTIBRIBERY LEGISLATION, ANTICORRUPTION, ANTICORRUPTION CAMPAIGN, ANTICORRUPTION DRIVES, ANTICORRUPTION EFFORTS, ANTICORRUPTION MEASURES, AUDITING, AUDITOR GENERAL, BRIBERY, BRIBES, CITIZENS, CIVIL LIBERTIES, CIVIL SOCIETY, CONSTITUENCIES, CONTROLLING CORRUPTION, CORRUPT PRACTICES, CRISES, DIRECT INVESTMENT, DISCRETION, ECONOMIC ACTIVITY, ECONOMIC REFORMS, ETHICS, FIGHTING CORRUPTION, FIGURES, FOREIGN DIRECT INVESTMENT, FREEDOMS OF EXPRESSION, GOVERNMENT STRUCTURES, INCOME, INTERNATIONAL ORGANIZATIONS, INTERNATIONAL TRADE, JUDICIAL SYSTEMS, LABOR MARKET, LAWS, LEGAL INSTITUTIONS, LEGAL SYSTEMS, LEGITIMACY, LIBEL, POLITICAL COMPETITION, POLITICAL INTERFERENCE, POLITICIANS, POVERTY REDUCTION, PRESIDENCY, PRIORITIES, PROCUREMENT, PUBLIC INFORMATION, PUBLIC OFFICIALS, PUBLIC SECTOR, PUBLIC SECTOR CORRUPTION, RULE OF LAW, SERVICE DELIVERY, SYSTEMIC CORRUPTION, TAX ADMINISTRATION, TRANSITION ECONOMIES, TRANSPARENCY,
Online Access:	http://documents.worldbank.org/curated/en/1998/05/438765/corruption-development https://hdl.handle.net/10986/11545
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