"This book suggests how high levels of corruption limit investment and growth can lead to ineffective government …. Developing countries and those making a transition from socialism are particularly at risk, but corruption is a worldwide … phenomenon. Corruption creates economic inefficiencies and inequities, but reforms are possible to reduce the material benefits …

Machine generated contents note: Introduction; 1. What is corruption and why does it matter?; Part I. Corruption as an … Economic Problem: 2. Bureaucratic corruption; 3. Corruption in procurement and privatization; 4. Reducing incentives and … extortion; Part II. Corruption as a Cultural Problem: 7. Culture and corruption; Part III. Corruption as a Political Problem: 8 …