Corruption, Business Climate, and Economic Growth

Corruption, Business Climate, and Economic Growth

ISBN13: 9781522573111|ISBN10: 1522573119|EISBN13: 9781522573128
DOI: 10.4018/978-1-5225-7311-1.ch035
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MLA

Chandan, Harish C. "Corruption, Business Climate, and Economic Growth." Socio-Economic Development: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, IGI Global, 2019, pp. 663-686. https://doi.org/10.4018/978-1-5225-7311-1.ch035

APA

Chandan, H. C. (2019). Corruption, Business Climate, and Economic Growth. In I. Management Association (Ed.), Socio-Economic Development: Concepts, Methodologies, Tools, and Applications (pp. 663-686). IGI Global. https://doi.org/10.4018/978-1-5225-7311-1.ch035

Chicago

Chandan, Harish C. "Corruption, Business Climate, and Economic Growth." In Socio-Economic Development: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, 663-686. Hershey, PA: IGI Global, 2019. https://doi.org/10.4018/978-1-5225-7311-1.ch035

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Abstract

Corruption is globally pervasive. Defined as abuse of entrusted power for private gain (Transparency International, 2013), corruption represents a set of economic, social, cultural, and political practices that are secretive and rooted in greed, ambition, or quest for power. This chapter reviews causes of corruption including the macro- and micro-level determinants of corruption such as leadership, management, and organizational culture. Various subjective and objective measures of corruption are discussed. Transparency International's Corruption Perception Index (CPI) and Heritage Foundation's Economic Freedom Index (EFI) are reviewed. The World Bank's Business Environment and Enterprise Performance Survey (BEEPS), Doing Business Indicator (DBI), and World Bank Institute's Governance Indicator (WBI-GI) are also reviewed, as is the role of global anti-corruption agencies and various instruments. Additionally, the relationship between corruption and foreign domestic investment, economic growth, and economic and political institutions are considered, as are anti-corruption intervention strategies for corruption and business ethics training.

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