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.
Details
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Author
Gray,Cheryl W., Kaufman, Daniel
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Document Date
1998/05/31
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Document Type
Brief
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Report Number
18569
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2000/02/24
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Disclosure Status
Disclosed
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Doc Name
Corruption and development
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Keywords
corruption;
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Citation
Gray,Cheryl W. Kaufman, Daniel
Corruption and development (English). PREM Notes,no. 4. Public Sector Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/498711468170677681/Corruption-and-development