You searched for: Content Type Journal Article Remove constraint Content Type: Journal Article Publication Year within 25 Years Remove constraint Publication Year: within 25 Years Journal The Cato Journal Remove constraint Journal: The Cato Journal Topic Economics Remove constraint Topic: Economics
- Author: Douglas A. Houston
- Publication Date: 09-2007
- Content Type: Journal Article
- Journal: The Cato Journal
- Institution: The Cato Institute
- Abstract: Many in the world of developmental economics believe that corruption, the circumvention of the rule of law for private gain, leads to nothing but woe for any nation's economy, under any circumstances. Transparency International makes the elimination of corruption their mission, and many large multinational firms today echo that goal by building ethical codes that prohibit employees from engaging in practices deemed corrupt, regardless of local attitudes and customs toward the practices. The World Bank makes curbing corruption a linchpin in their campaign to improve governance. Reasons given for blanket condemnation of corrupt behavior are often utilitarian: Corruption is expected to increase the economic costs of doing business by undermining the laws of the land; this, in turn, reduces productive activities and investments, with negative consequences unfolding for human development and economic growth.
- Topic: Corruption, Economics, Government