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Staff Papers Logo    December 1998
Volume 45, Number 4
Corruption Around the World:
Causes, Consequences, Scope, and Cures

By Vito Tanzi

Full Text of This Article (PDF 146 K)

Abstract: Corruption is attracting a lot of attention around the world. This paper surveys and discusses issues related to the causes, consequences, and scope of corruption, and possible corrective actions. It emphasizes the costs of correction in terms of economic growth. It also emphasizes that the fight against corruption may not be cheap and cannot be independent from the reform of the state. If certain reforms are not made, corruption is likely to continue to be a problem regardless of actions directly aimed at curtailing it. [JEL E62, H1, H3, K4, N4]

1998 International Monetary Fund