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Corruption : The Facts

By Kaufmann, Daniel

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Book Id: WPLBN0000576189
Format Type: PDF eBook
File Size: 37.35 KB
Reproduction Date: 2005

Title: Corruption : The Facts  
Author: Kaufmann, Daniel
Volume:
Language: English
Subject: Economics, Finance & business, World Bank.
Collections: Economics Publications Collection
Historic
Publication Date:
Publisher: The World Bank

Citation

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Kaufmann, D. (n.d.). Corruption : The Facts. Retrieved from http://hawaiilibrary.net/


Description
Economics

Excerpt
This citation attests to the ancient nature of corruption, which amounts to the abuse of public office for private gain. Yet it also illustrates that even then corruption was regarded as corrosive to the development of the state and that specific measures were therefore needed in response. The king's adviser perceptively hinted at the link between illiberal trade, bureaucratic harassment at the border, and corruption. And he understood that corruption encompassed far more than bribery: The theft of public revenues was explicitly addressed. By contrast, in more recent times a revisionist view has held that corruption may not be inconsistent with development and at times may even foster it. In the late 1970s, Nathaniel Leff of Columbia University argued, for example, that corruption may introduce an element of competition into what is otherwise a comfortably monopolistic industry...[and] payment of the highest bribes [becomes] one of the principal criteria for allocation...Hence, a tendency toward efficiency is introduced into the system. Likewise economist Francis Lui, in a 1985 issue of the Journal of Political Economy, asserted that bribing strategies...minimize the average value of the time costs of the queue...[and the official]...could choose to speed up the service when bribery is allowed....


 

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