Can Corruption Be Good for the Economy?

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In development circles, governance is often a code word for corruption. But Daniel Kaufmann, president of the Natural Resource Governance Institute, says governance is much broader. In this podcast, Kaufmann talks about how good governance can actually triple a country's per capi ...  Show more

الفساد موجود في العالم كله، لكن تأثيره على البلدان النامية أكبر نسبياً. في هذا البث الصوتي، يشير أحد خبراء الاقتصاد إلى دور النظام السياسي في هذا الصدد، ويقول إن بعض الأنظمة الحكومية أقدر من غيرها على التصدي للفساد. 

Corruption is as old as humanity, with cases documented as far back as the Egyptian dynasties. While the World Bank estimates that international bribery exceeds $1.5 trillion annually, the larger and more subtle effects of corruption on economies and populations is incalculable. ...  Show more

We all know the standard story: our economy would be more dynamic if only the government would get out of the way. The economist Mariana Mazzucato says we’ve got that story backward. She argues that the government, by funding so much early-stage research, is hugely responsible ...