The Political Economy Of Corruption (routledge Contemporary Economic Policy Issues Series)

The Political Economy of Corruption ‘Grand’ corruption, generally used to define corruption amongst the top political elite, has drawn increasing attention from academics and policy-makers during recent years. Current understanding of the causes and mechanisms of this type of corruption, however, falls short of a full awareness of its importance and consequences. In this volume, leading academics and practitioners analyse the economic and political conditions that allow ‘grand’ corruption to survive. Contributions include: • • • Case studies of countries that have witnessed flagrant misuse of political powers. Theoretical papers which present models of corruption and project their possible effects. Empirical studies which raise research questions and test the theoretical models using insightful methodologies. The studies in this work not only indicate the importance of the economic implications of ‘grand’ corruption, but also provide a framework for understanding its processes. Academics and policy-makers working in the fields of economics, political science and sociology will find this an illuminating and valuable work. Arvind K. Jain is Associate Professor at Concordia University, Montreal. His current research focuses on corruption and on international financial crises. His past research papers have dealt with corruption, agency theory and the debt crisis, capital flight, international lending decisions of banks, oligopolistic behaviour in banking, foreign debt and foreign trade in developing countries, impact of culture on saving behaviour and commodity futures markets. He has previously written two books and edited a volume entitled Economics of Corruption. Routledge Contemporary Economic Policy Issues Series editor: Kanhaya Gupta This series is dedicated to new works that focus directly on contemporary economic policy issues. It aims to include case studies from around the world on the most pressing questions facing economists and policy-makers at both a national and international level. 1 Regionalism and Globalization: Theory and Practice Edited by Sajal Lahiri 2 The Political Economy of Corruption Edited by Arvind K. Jain 3 International Migration: Trends, Policies and Economic Impact Edited by Slobodan Djajic´ The Political Economy of Corruption Edited by Arvind K. Jain London and New York First published 2001 by Routledge 11 New Fetter Lane, London EC4P 4EE Simultaneously published in the USA and Canada by Routledge 29 West 35th Street, New York, NY 10001 Routledge is an imprint of the Taylor & Francis Group This edition published in the Taylor & Francis e-Library, 2002. © 2001 Editorial material and selection, Arvind K. Jain; individual chapters, the authors. All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloging in Publication Data The political economy of corruption