"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...

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 increasing costs; 5. Civil service reform and...

"We study the characteristics of self-selected candidates in corrupt political systems. Potential candidates differ along two dimensions of unobservable character: public spirit (altruism toward others) and honesty (the disutility suffered when selling out to special interests after securing...