This work is an entry for the second edition of Sage's Encyclopedia of Business Ethics and Society. It explains the nature of the problems of corruption and, more specifically, extortion and their ethical implications. The entry also compares and contrasts extortion and bribery, the two main...

This paper deals with the effectiveness of several alternative models of aid allocation in terms of poverty reduction. We use a model that admits the presence of diminishing returns to aid in the output and poverty functions. We shall discuss the impact of aid on poverty in a single country,...