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Removing Impediments to Sustainable Economic Development: The Case of Corruption

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  • Augusto López Claros

    (Global Indicators Group, World Bank Group, USA)

Abstract

This paper examines causes and consequences of corruption within the process of economic development. Drawing on experiences and insights accumulated during the post-war period and reflected in a growing body of academic research, the paper analyzes institutional mechanisms that sustain corruption and the impact of corruption on development. It 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. It also addresses the question of what can be done about corruption and discusses the role of economic policies in developing incentives and institutions to reduce its incidence.

Suggested Citation

  • Augusto López Claros, 2015. "Removing Impediments to Sustainable Economic Development: The Case of Corruption," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 6(01), pages 1-35.
    • Handle: RePEc:wsi:jicepx:v:06:y:2015:i:01:n:s1793993315500027
    DOI: 10.1142/S1793993315500027
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    References listed on IDEAS

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    1. Tanzi, Vito & Schuknecht, Ludger, 1997. "Reconsidering the Fiscal Role of Government: The International Perspective," American Economic Review, American Economic Association, vol. 87(2), pages 164-168, May.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Corruption; development; policies; economic growth; D73;
    All these keywords.

    JEL classification:

    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption

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