Publication:
Removing Impediments to Sustainable Economic Development : The Case of Corruption

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dc.contributor.authorLópez Claros, Augusto
dc.date.accessioned2014-02-05T13:33:36Z
dc.date.available2014-02-05T13:33:36Z
dc.date.issued2013-11
dc.description.abstractThis paper examines causes and consequences of corruption within the process of economic development. It starts by reviewing some of the factors that, over the past couple of decades, have transformed corruption from a subject on the sidelines of economic research to a central preoccupation of policy makers and donors in many countries. Drawing on a vast treasure trove of experiences and insights accumulated during the postwar period and reflected in a growing body of academic research, the paper analyzes many of the institutional mechanisms that sustain corruption and the impact of corruption on development. This paper argues that many forms of corruption stem from the distributional attributes of the state in its role as the economy's central agent of resource allocation. What is the impact of corruption on public finances and on the characteristics and performance of the private sector? What distortions does corruption introduce in the allocation of resources and in the relationships among economic agents in the marketplace? The paper also addresses the question of what can be done about corruption and discusses the role of economic policies in developing the right sorts of incentives and institutions to reduce the incidence of corruption. Particular attention is paid to business regulation, subsidies, the budget process, international conventions, and the role of new technologies. The paper concludes with some thoughts on the moral dimensions of corruption.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/11/18517448/removing-impediments-sustainable-economic-development-case-corruption
dc.identifier.doi10.1596/1813-9450-6704
dc.identifier.urihttps://hdl.handle.net/10986/16909
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6704
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABUSE
dc.subjectACCESS TO EDUCATION
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectADMINISTRATIVE CAPACITY
dc.subjectADULT ILLITERACY
dc.subjectANTI-BRIBERY
dc.subjectANTI-CORRUPTION
dc.subjectANTICORRUPTION
dc.subjectANTICORRUPTION STRATEGIES
dc.subjectARREARS
dc.subjectASSET OWNERSHIP
dc.subjectASSETS
dc.subjectAUDITORS
dc.subjectAWARENESS OF CORRUPTION
dc.subjectBAIL
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE SHEETS
dc.subjectBANK ACCOUNTS
dc.subjectBANK LOAN
dc.subjectBANK LOAN OFFICERS
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectBARRIER TO ENTRY
dc.subjectBIDDING
dc.subjectBRIBE
dc.subjectBRIBERY
dc.subjectBRIBERY CONVENTION
dc.subjectBRIBERY LEGISLATION
dc.subjectBRIBERY SCANDAL
dc.subjectBRIBES
dc.subjectBRIBING
dc.subjectBUDGET DEFICIT
dc.subjectBUREAUCRATIC OBSTACLES
dc.subjectBUREAUCRATIC RED TAPE
dc.subjectBUSINESS ACTIVITIES
dc.subjectBUSINESS COMMUNITY
dc.subjectBUSINESSMEN
dc.subjectCAMPAIGN CONTRIBUTIONS
dc.subjectCIVIL SERVANTS
dc.subjectCIVIL SOCIETY
dc.subjectCOLLAPSE
dc.subjectCOLLECTION EFFORTS
dc.subjectCOLLUSION
dc.subjectCONCESSION
dc.subjectCONCESSIONS
dc.subjectCONFIDENCE
dc.subjectCONFLICT OF INTEREST
dc.subjectCONSUMER PROTECTION
dc.subjectCORRUPT
dc.subjectCORRUPT OFFICIALS
dc.subjectCORRUPTION
dc.subjectCORRUPTION CHARGES
dc.subjectCORRUPTION PERCEPTION
dc.subjectCORRUPTION PERCEPTION INDEX
dc.subjectCORRUPTION PERCEPTIONS
dc.subjectCORRUPTION PERCEPTIONS INDEX
dc.subjectCOURT DECISIONS
dc.subjectCPI
dc.subjectCREDIBILITY
dc.subjectCREDIT GROWTH
dc.subjectCREDITORS
dc.subjectCRIME
dc.subjectCRIMINAL
dc.subjectCRIMINAL LAW
dc.subjectCRIMINALS
dc.subjectCRONIES
dc.subjectDEBT
dc.subjectDEDUCTIBLE
dc.subjectDEMOCRACY
dc.subjectDEPOSITORS
dc.subjectDEVELOPMENT OF ENTREPRENEURSHIP
dc.subjectDIRECTED CREDITS
dc.subjectDISBURSEMENTS
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDISCRETION
dc.subjectDISCRIMINATION
dc.subjectDISINVESTMENT
dc.subjectDISSOLUTION
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC AGENTS
dc.subjectECONOMIC DECISIONS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC POLICIES
dc.subjectECONOMIC PROBLEM
dc.subjectECONOMIC REFORMS
dc.subjectEMPLOYEE
dc.subjectENFORCEABLE PROPERTY RIGHTS
dc.subjectENFORCEMENT AGENCIES
dc.subjectENTREPRENEURIAL CAPACITIES
dc.subjectENTREPRENEURS
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXCISE TAXES
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXTERNAL CREDITS
dc.subjectEXTORTION
dc.subjectEXTREME POVERTY
dc.subjectFACILITATION
dc.subjectFARMERS
dc.subjectFIGHT AGAINST CORRUPTION
dc.subjectFINANCIAL BURDEN
dc.subjectFINANCIAL COSTS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL SECTOR REFORM
dc.subjectFINANCIAL SITUATION
dc.subjectFOREIGN CORRUPT PRACTICES
dc.subjectFOREIGN CORRUPT PRACTICES ACT
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN FIRM
dc.subjectFOREIGN INVESTORS
dc.subjectFREE MARKET
dc.subjectFREEDOM OF INFORMATION
dc.subjectFREEDOM OF INFORMATION LAWS
dc.subjectFREEDOM OF THE PRESS
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBALIZATION
dc.subjectGOOD GOVERNANCE
dc.subjectGOVERNMENT CORRUPTION
dc.subjectGOVERNMENT DEFICIT
dc.subjectGOVERNMENT INVOLVEMENT
dc.subjectGOVERNMENT OFFICIAL
dc.subjectGOVERNMENT OFFICIALS
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT REGULATION
dc.subjectGOVERNMENT REVENUE
dc.subjectHOMICIDE
dc.subjectHONEST GOVERNMENT
dc.subjectHOST COUNTRIES
dc.subjectHOUSEHOLDS
dc.subjectILL-GOTTEN WEALTH
dc.subjectIMPLICIT CONTRACT
dc.subjectIMPORT DUTIES
dc.subjectINCOME GROUPS
dc.subjectINEQUALITY
dc.subjectINFLATION
dc.subjectINFORMATION DISCLOSURE
dc.subjectINITIATIVE
dc.subjectINSECURE PROPERTY
dc.subjectINTEGRITY
dc.subjectINTERESTED PARTIES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTING
dc.subjectINVESTMENT CLIMATE
dc.subjectJAIL
dc.subjectJOB CREATION
dc.subjectJUDGES
dc.subjectJUSTICE
dc.subjectKLEPTOCRACY
dc.subjectLAW ENFORCEMENT
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL SYSTEM
dc.subjectLOAN
dc.subjectLOAN DOCUMENTATION
dc.subjectLOBBYING
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMALFEASANCE
dc.subjectMANDATE
dc.subjectMARKET ECONOMY
dc.subjectMEMBERS OF THE MILITARY
dc.subjectMINISTER
dc.subjectMINISTERS
dc.subjectMISAPPROPRIATION
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICIES
dc.subjectMONEY LAUNDERING
dc.subjectMONOPOLIES
dc.subjectMONOPOLY
dc.subjectMULTINATIONALS
dc.subjectNEPOTISM
dc.subjectNEW BUSINESS
dc.subjectNEW BUSINESSES
dc.subjectOFFENSE
dc.subjectOFFICIAL CORRUPTION
dc.subjectOIL PRICES
dc.subjectPAYOFF
dc.subjectPAYOFFS
dc.subjectPENALTIES
dc.subjectPENSION FUNDS
dc.subjectPERSONAL GAIN
dc.subjectPOLICE
dc.subjectPOLICE OFFICERS
dc.subjectPOLITICAL STABILITY
dc.subjectPOLITICIANS
dc.subjectPREFERENTIAL
dc.subjectPRIVATE GAIN
dc.subjectPRIVATE GAINS
dc.subjectPRIVATE PARTIES
dc.subjectPRIVATIZATION
dc.subjectPROCUREMENT
dc.subjectPROPERTY MARKET
dc.subjectPROPERTY RIGHTS
dc.subjectPROVISION OF LOANS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC OFFICIAL
dc.subjectPUBLIC OFFICIALS
dc.subjectPUBLIC POLICY
dc.subjectPUNISHMENT
dc.subjectRATES OF INTEREST
dc.subjectRED TAPE
dc.subjectREPRESSION
dc.subjectRULE OF LAW
dc.subjectSALE PROCEEDS
dc.subjectSCANDAL
dc.subjectSCANDALS
dc.subjectSETTLEMENT
dc.subjectSOCIAL SECURITY
dc.subjectTAX
dc.subjectTAX BURDEN
dc.subjectTAX EXEMPTION
dc.subjectTAX EXEMPTIONS
dc.subjectTAX LIABILITIES
dc.subjectTAX REVENUE
dc.subjectTAX-EXEMPT
dc.subjectTERRORISM
dc.subjectTHEFT
dc.subjectTHIEVERY
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPARENCY
dc.subjectUNEMPLOYMENT
dc.subjectUNEQUAL ACCESS
dc.subjectUNION
dc.subjectVALUE OF ASSETS
dc.subjectVIOLENCE
dc.subjectWAGES
dc.subjectWHITE ELEPHANTS
dc.titleRemoving Impediments to Sustainable Economic Development : The Case of Corruptionen
dspace.entity.typePublication
okr.crossref.titleRemoving Impediments to Sustainable Economic Development: The Case of Corruption
okr.date.disclosure2013-11-01
okr.date.doiregistration2025-04-10T11:42:47.591034Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2013/11/18517448/removing-impediments-sustainable-economic-development-case-corruption
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid102991468332344284
okr.identifier.doi10.1596/1813-9450-6704
okr.identifier.externaldocumentum000158349_20131115114115
okr.identifier.internaldocumentum18517448
okr.identifier.reportWPS6704
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/11/15/000158349_20131115114115/Rendered/PDF/WPS6704.pdfen
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicPublic Sector Corruption and Anticorruption Measures
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicCorruption and Anticorruption Law
okr.topicLaw and Development
okr.topicPublic Sector Development
okr.unitGlobal Indicators and Analysis Department, Financial and Private Sector Development
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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