International institutions and in particular the World Bank and the IMF are rightly giving a great deal of attention to issues of governance in developing countries, and particularly corruption. While they are right to believe that governance matters, governance in the most successful developing...

Corruption has different efficiency effects across countries. Conventional economic models of corruption are shown to be deficient in explaining these differences. Instead the article suggests that the distribution of power within the patron-client networks in which corruption is taking place is...

Bangladesh and Pakistan had very divergent experiences with aid after 1971. Politics in Pakistan was less inclusive in terms of opportunities for intermediate class political entrepreneurs. In this context, the significant role of military aid to Pakistan

Economic research on corruption aims both to isolate the economic effects of quid pro quo deals between agents and third parties, and to suggest how legal and institutional reforms might curb harms and enhance benefits. In this comprehensive Handbook, top scholars in the field provide specially...