Estimating the Effects of Foreign Bribery Legislation in the International Economy

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Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 (711 download)

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Book Synopsis Estimating the Effects of Foreign Bribery Legislation in the International Economy by : Kevin Shun Wei Lim

Download or read book Estimating the Effects of Foreign Bribery Legislation in the International Economy written by Kevin Shun Wei Lim and published by . This book was released on 2010 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign bribery - the payment of bribes across borders - poses a classic collective action problem in theory. A firm may extract benefits through the payment of bribes to foreign public officials without its own country bearing the associated costs of governmental corruption, and hence while eliminating foreign bribery may be in the best interests of all who are engaged with the global economy, there are few obvious incentives for any one national government to be the first to take action. Over the last two decades, however, an unprecedented degree of multilateral cooperation on the issue of foreign bribery has been achieved. In particular, the Organization for Economic Cooperation and Development (OECD) has been a key institutional locus of activity, serving as the coordinating body for the monitoring and enforcement of a comprehensive anti-bribery convention that was adopted in 1997. This convention appears to have been largely successful at least in terms of spurring legislative change: all OECD member countries as well as several nonmember nations have since adopted laws that explicitly criminalize the act of bribing foreign public officials, and the capacity of the state to monitor, detect, and prosecute the offense of foreign bribery has ostensibly been enhanced. Given the potential for collective action problems to develop, it is thus important to ask whether the legislative action that has been taken thus far is meaningful in any measurable sense. I answer this question by constructing an original measure of the strictness of foreign bribery legislation, which I then employ as the main independent variable in an empirical study of export data, utilizing both difference-in-difference estimators and regression analysis. The results of my analysis provide support for the hypothesis that the enactment of stricter foreign bribery legislation amongst the countries party to the OECD convention has reduced exports to more corrupt countries more so than it has exports to less corrupt countries. These findings are robust to a variety of sensitivity tests, and I thus conclude that the OECD's multilateral anti-bribery initiatives have indeed had a meaningful impact on business decisions in the international economy.

Corruption and the Global Economy

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Publisher : Columbia University Press
ISBN 13 : 0881323233
Total Pages : 258 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis Corruption and the Global Economy by : Kimberly Ann Elliott

Download or read book Corruption and the Global Economy written by Kimberly Ann Elliott and published by Columbia University Press. This book was released on 1997-06-01 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recently-adopted 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. With the end of the Cold War, the pace and breadth of the trends toward democratization and international economic integration accelerated and expanded globally. Yet corruption could slow or even reverse these trends, potentially threatening economic development and political stability in some countries. As the global implications of corruption have grown, so has the impetus for international action to combat it. In addition to efforts in the OECD, the Organization of American States, the World Trade Organization, and the United Nations General Assembly, the World Bank and the International Monetary Fund have both begun to emphasize corruption as an impediment to economic development. This book includes a chapter by the Chairman of the OECD Working Group on Bribery discussing the evolution of the OECD convention and what is needed to make it effective. Other chapters address the causes and consequences of corruption, including the impact on investment and growth and the role of multinational corporations in discouraging bribery. The final chapter summarizes and also discusses some of the other anticorruption initiatives that either have been or should be adopted by governments, multilateral development banks, and other international organizations.

Crossing the Global Quality Chasm

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Publisher : National Academies Press
ISBN 13 : 0309477891
Total Pages : 399 pages
Book Rating : 4.3/5 (94 download)

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Book Synopsis Crossing the Global Quality Chasm by : National Academies of Sciences, Engineering, and Medicine

Download or read book Crossing the Global Quality Chasm written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2019-01-27 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2015, building on the advances of the Millennium Development Goals, the United Nations adopted Sustainable Development Goals that include an explicit commitment to achieve universal health coverage by 2030. However, enormous gaps remain between what is achievable in human health and where global health stands today, and progress has been both incomplete and unevenly distributed. In order to meet this goal, a deliberate and comprehensive effort is needed to improve the quality of health care services globally. Crossing the Global Quality Chasm: Improving Health Care Worldwide focuses on one particular shortfall in health care affecting global populations: defects in the quality of care. This study reviews the available evidence on the quality of care worldwide and makes recommendations to improve health care quality globally while expanding access to preventive and therapeutic services, with a focus in low-resource areas. Crossing the Global Quality Chasm emphasizes the organization and delivery of safe and effective care at the patient/provider interface. This study explores issues of access to services and commodities, effectiveness, safety, efficiency, and equity. Focusing on front line service delivery that can directly impact health outcomes for individuals and populations, this book will be an essential guide for key stakeholders, governments, donors, health systems, and others involved in health care.

The Effects of Corruptionon Growth, Investment, and Government Expenditure

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Publisher : International Monetary Fund
ISBN 13 : 1451852096
Total Pages : 28 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis The Effects of Corruptionon Growth, Investment, and Government Expenditure by : Mr.Paolo Mauro

Download or read book The Effects of Corruptionon Growth, Investment, and Government Expenditure written by Mr.Paolo Mauro and published by International Monetary Fund. This book was released on 1996-09-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the possible causes and consequences of corruption. It provides a synthetic review of recent studies that analyze this phenomenon empirically. In addition, it presents further results on the effects of corruption on growth and investment, and new cross-country evidence on the link between corruption and the composition of government expenditure.

Governance and State-Owned Enterprises: How Costly is Corruption?

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Publisher : International Monetary Fund
ISBN 13 : 1513522221
Total Pages : 43 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Governance and State-Owned Enterprises: How Costly is Corruption? by : Ms.Anja Baum

Download or read book Governance and State-Owned Enterprises: How Costly is Corruption? written by Ms.Anja Baum and published by International Monetary Fund. This book was released on 2019-11-22 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: State-owned enterprises (SOEs) are present in key sectors of the economies around the world. While they can provide an important public service, there is widespread concern that their activities are negatively affected by corruption. However, there is limited cross-country analysis on the costs of corruption for SOEs. We present new evidence on how corruption affects the performance of SOEs using firm level data across a large number of countries. One striking result is that SOEs perform as well as private firms in core sectors when corruption is low. Taking advantage of a novel database reforms, we also show that SOE governance reforms can generate significant performance gains.

The Shadow Economy

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Publisher : Cambridge University Press
ISBN 13 : 1107034841
Total Pages : 225 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis The Shadow Economy by : Friedrich Schneider

Download or read book The Shadow Economy written by Friedrich Schneider and published by Cambridge University Press. This book was released on 2013-02-14 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents new data to give an overview of shadow economies from OECD countries and propose solutions to prevent illicit work.

Corruption, Taxes and Compliance

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Publisher : International Monetary Fund
ISBN 13 : 1484326032
Total Pages : 31 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Corruption, Taxes and Compliance by : Ms.Anja Baum

Download or read book Corruption, Taxes and Compliance written by Ms.Anja Baum and published by International Monetary Fund. This book was released on 2017-11-17 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper revisits the effects of corruption on the state’s capacity to raise revenue, building on the existing empirical literature using new and more disaggregated data. We use a comprehensive dataset for 147 countries spanning 1995-2014, compiled by the IMF. It finds that—consistent with the existing literature—corruption is negatively associated with overall tax revenue, and most of its components. This relationship is predominantly influenced by the way corruption interacts with tax compliance. The establishment of large taxpayer offices improves tax compliance by dampening the perception of corruption, thereby boosting revenue.

United States Attorneys' Manual

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (191 download)

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Book Synopsis United States Attorneys' Manual by : United States. Department of Justice

Download or read book United States Attorneys' Manual written by United States. Department of Justice and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Doing Business 2020

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Publisher : World Bank Publications
ISBN 13 : 1464814414
Total Pages : 241 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Doing Business 2020 by : World Bank

Download or read book Doing Business 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-21 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.

Corrupt Cities

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Publisher : World Bank Publications
ISBN 13 : 9780821346006
Total Pages : 180 pages
Book Rating : 4.3/5 (46 download)

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Book Synopsis Corrupt Cities by :

Download or read book Corrupt Cities written by and published by World Bank Publications. This book was released on 2000 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much of the devastation caused by the recent earthquake in Turkey was the result of widespread corruption between the construction industry and government officials. Corruption is part of everyday public life and we tend to take it for granted. However, preventing corruption helps to raise city revenues, improve service delivery, stimulate public confidence and participation, and win elections. This book is designed to help citizens and public officials diagnose, investigate and prevent various kinds of corrupt and illicit behaviour. It focuses on systematic corruption rather than the free-lance activity of a few law-breakers, and emphasises practical preventive measures rather than purely punitive or moralistic campaigns.

Corruption in International Business

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Publisher : Gower Publishing, Ltd.
ISBN 13 : 1409459926
Total Pages : 262 pages
Book Rating : 4.4/5 (94 download)

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Book Synopsis Corruption in International Business by : Ms Sharon Eicher

Download or read book Corruption in International Business written by Ms Sharon Eicher and published by Gower Publishing, Ltd.. This book was released on 2012-08-28 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is common practice to assume that business practices are universally similar. Business and social attitudes to corruption, however, vary according to the wide variety of cultural norms across the countries of the world. International business involves complex, ethically challenging, and sometimes threatening, dilemmas that can involve political and personal agendas. Corruption in International Business presents a broad range of perspectives on how corruption can be defined; the responsibilities of those working for publicly traded companies to their shareholders; and the positive influences that corporations can have upon combating international corruption. The authors differentiate between public and private sector corruption and explore the implications of both, as well as methods for qualifying and quantifying corruption and the challenges facing policy makers, legal systems, corporations, and NGOs, as they seek to mitigate the effects of corruption and enable cultural and social change.

International Corruption

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Publisher :
ISBN 13 : 9780414041721
Total Pages : 454 pages
Book Rating : 4.0/5 (417 download)

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Book Synopsis International Corruption by : Paul Cohen

Download or read book International Corruption written by Paul Cohen and published by . This book was released on 2010 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looks at anti-corruption laws & treaties in a number of key jurisdictions worldwide.

Anticorruption in Transition

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Publisher : World Bank Publications
ISBN 13 : 9780821348024
Total Pages : 138 pages
Book Rating : 4.3/5 (48 download)

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Book Synopsis Anticorruption in Transition by :

Download or read book Anticorruption in Transition written by and published by World Bank Publications. This book was released on 2000-01-01 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the increasing recognition across the world of the damaging effects of corruption on economic growth and social stability. This report seeks to unpack the varied practices of corruption to identify and compare different patterns of the transition countries of Central and Eastern Europe, the Baltic states, and the Commonwealth of Independent States. It then draws out lessons for tailoring anticorruption strategies to address the variation across the region in an effort to target reforms more effectively. The report draws on many sources of ongoing research and lessons of experience, including the World Bank's work in this area. It is intended as a contribution to the growing policy dialogue on developing practical strategies for reducing corruption.

How Does Political Instability Affect Economic Growth?

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Publisher : International Monetary Fund
ISBN 13 : 1455211907
Total Pages : 30 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis How Does Political Instability Affect Economic Growth? by : Mr.Ari Aisen

Download or read book How Does Political Instability Affect Economic Growth? written by Mr.Ari Aisen and published by International Monetary Fund. This book was released on 2011-01-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.

Does Corruption Affect Income Inequality and Poverty?

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Publisher : International Monetary Fund
ISBN 13 : 1451849842
Total Pages : 42 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Does Corruption Affect Income Inequality and Poverty? by : Mr.Sanjeev Gupta

Download or read book Does Corruption Affect Income Inequality and Poverty? written by Mr.Sanjeev Gupta and published by International Monetary Fund. This book was released on 1998-05-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper demonstrates that high and rising corruption increases income inequality and poverty by reducing economic growth, the progressivity of the tax system, the level and effectiveness of social spending, and the formation of human capital, and by perpetuating an unequal distribution of asset ownership and unequal access to education. These findings hold for countries with different growth experiences, at different stages of development, and using various indices of corruption. An important implication of these results is that policies that reduce corruption will also lower income inequality and poverty.

The Foreign Corrupt Practices Act and the New International Norms

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Publisher : American Bar Association
ISBN 13 : 9781604426045
Total Pages : 822 pages
Book Rating : 4.4/5 (26 download)

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Book Synopsis The Foreign Corrupt Practices Act and the New International Norms by : Stuart H. Deming

Download or read book The Foreign Corrupt Practices Act and the New International Norms written by Stuart H. Deming and published by American Bar Association. This book was released on 2010 with total page 822 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an in-depth analysis of the FCPA and significantly expands upon the first with critical updates reflecting the latest developments of the Act; a broader and more expansive analysis of the FCPA, including those aspects that relate directly to Sarbanes-Oxley; and a detailed analysis of the debarment practices associated with the anti-corruption policies of the World Bank Group.

National Trade Estimate Report on Foreign Trade Barriers (25th Ed. )

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Publisher : DIANE Publishing
ISBN 13 : 143794132X
Total Pages : 404 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis National Trade Estimate Report on Foreign Trade Barriers (25th Ed. ) by : Ron Kirk

Download or read book National Trade Estimate Report on Foreign Trade Barriers (25th Ed. ) written by Ron Kirk and published by DIANE Publishing. This book was released on 2011 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a print on demand edition of a hard to find publication. This annual report presents an inventory of the most important foreign barriers affecting U.S. exports of goods and services, foreign direct investment by U.S. persons, and protection of intellectual property rights. Such an inventory facilitates negotiations aimed at reducing or eliminating these barriers. The report also provides a valuable tool in enforcing U.S. trade laws, with the goal of expanding global trade and strengthening the rules-based trading system, which benefits all nations, and U.S. producers and consumers in particular. The report provides quantitative estimates of the impact of these foreign practices on the value of U.S. exports. Includes info. on some of the actions taken to eliminate foreign trade barriers. Charts and tables.