Paraguay: Corruption, Reform, and the Financial System

Author/Editor: Franks, Jeffrey R. ; Mercer-Blackman, Valerie ; Sab, Randa ; Benelli, Roberto
Publication Date: September 07, 2005
Electronic Access: Link to Abstract

Summary: Following some historical background, this book describes how corruption is manifested in Paraguay. The book distinguishes between factors that explain the growth performance of Paraguay since 1960 (where corruption does not directly enter as a significant factor) and factors that explain the relative level of income of Paraguay in the past 40 or 50 years compared with other countries. The book then illustrates how Paraguay's weak institutions may have led to long-term growth below its potential. Finally, the authors briefly consider how Paraguay could improve its institutions. To the extent that prudent policies and the willingness to consider the adoption of international best-practices will exert pressure for change in Paraguay, a gradual improvement of institutional quality will ensue, which is necessary for sustained long-run growth.
Subject(s): Corruption | Economic reforms | Financial systems | Paraguay

Publication Date: September 07, 2005
ISBN/ISSN: ISBN 1-58906-420-8 Format: Paper
Stock No: ISIEA2005003 Pages: 131
US$25.00 (Academic Rate:
US$25.00 )
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