CericolaCorruption

CericolaCorruption - CORRUPTION Transition Economies...

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CORRUPTION Transition Economies Presented By AJ Cericola
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Definition of Corruption Misuse of Power for private gain Bribery Extortion Manipulation of Laws It’s all about growth…
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Corruption Type 1: State Capture Corruption Influencing Laws, Regulations, Policies for own advantage
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Corruption Type 2: Administration Corruption Intentional imposition of distortions in the prescribed implementation of existing laws
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Corruption Across the Globe
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Corruption and Growth
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Corruption and Development
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Sectors of Corruption: Enterprise Growth SME’s are most important for jobs, innovation, and growth 1. Labor force and new jobs 2. Less capital intensive – more labor 3. Product innovative, not process innovative 4. More financially constrained; represent 94% of business finance 5. Contribute to growth in recession more than larger firms
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Bribes Paid
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Investment Much economic theory assume positive relationship between investment and growth 4 areas Corruption affects investment:
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CericolaCorruption - CORRUPTION Transition Economies...

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