"This paper discusses mechanisms of grand corruption in private sector utility provision in developing countries. By the term "grand corruption," the authors abstract from the petty corruption that consumers experience - for example, when firms and individuals pay bribes to get water delivery or...

America is in decline, and the rise of the East suggests a bleak future for the world's only superpower: so goes the conventional wisdom. But what if the traditional measures of national status are no longer as important as they once were? What if America's well-being was assessed according to...