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- Title
Corruption, the government and the private sector: why it matters and what can be done.
- Authors
Senior, Ian
- Abstract
The author proposes a definition of corruption which requires five conditions to be satisfied simultaneously. The definition is applicable to both the state and private sectors. Empirical work shows that corrupt countries receive less inward investment, pay higher interest on borrowings and achieve lower rates of investment overall. Ways of combating corruption are suggested.
- Subjects
POLITICAL corruption; ECONOMIC development; ECONOMIC sectors; ECONOMIC structure; INFORMAL sector; PUBLIC administration
- Publication
Economic Affairs, 2004, Vol 24, Issue 2, p22
- ISSN
0265-0665
- Publication type
Article
- DOI
10.1111/j.1468-0270.2004.00469.x