The recently-adopted OECD convention outlawing bribery of foreign public officials is welcome evidence of how much progress has been made in the battle against corruption. The financial crisis in East Asia is an indication of how much remains to be done. Corruption is by no means a new issue but it has only recently emerged as a global issue. With the end of the Cold War, the pace and breadth of the trends toward democratization and international economic integration accelerated and expanded globally. Yet corruption could slow or even reverse these trends, potentially threatening economic development and political stability in some countries. As the global implications of corruption have grown, so has the impetus for international action to combat it. In addition to efforts in the OECD, the Organization of American States, the World Trade Organization, and the United Nations General Assembly, the World Bank and the International Monetary Fund have both begun to emphasize corruption as an impediment to economic development. This book includes a chapter by the Chairman of the OECD Working Group on Bribery discussing the evolution of the OECD convention and what is needed to make it effective. Other chapters address the causes and consequences of corruption, including the impact on investment and growth and the role of multinational corporations in discouraging bribery. The final chapter summarizes and also discusses some of the other anticorruption initiatives that either have been or should be adopted by governments, multilateral development banks, and other international organizations.

Corruption is linked to a wide range of developmental issues, including undermining democratic institutions, slowing economic development and contributing to government instability, poverty and inequality. It is estimated that corruption costs more than 5 per cent of global GDP, and that more than one trillion US dollars are paid in bribes each year. This book unpacks the concept of corruption, its political and ethical influences, its measurement, commitments to combat corruption and ways that this is being attempted. Building on the research on the nature, causes and consequences of corruption, this book analyses international anti-corruption interventions in particular. It discusses approaches to focus efforts to tackle corruption in developing countries on where they are most likely to be successful. The efforts of the UK are considered as a detailed case study, with comparisons brought in as necessary from other countries’ and multilateral institutions’ anti-corruption efforts. Bridging a range of disciplines, Anti-Corruption in International Development will be of interest to students and scholars of international development, public administration, management, international relations, politics and criminal justice.