Corruption and the Global Economy
By:Institute for International Economics (U.S.)
Published on 1997-01-01 by Peterson Institute


The OECD convention outlawing bribery of foreign public officials is welcome evidence of how much progress has been made in the battle against corruption. The financial crisis in East Asia is an indication of how much remains to be done. Corruption is by no means a new issue, but it has only recently emerged as a global issue. As the global implications of corruption have grown, so has the impetus for international action to combat it.
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