Privatisation, multinationals, and corruption
Bibliographic Data
| ID | 4747696 |
|---|---|
| Authors | David Hall (0000-0003-0215-978X, corresponding author) |
| Year | 1999 |
| Volume | 9 |
| Issue | 5 |
| Pages | 539-556 |
| Publication date | 1999-11-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Development in Practice (JOURNAL) |
| Journal identifiers | ISSN: 0961-4524 • E-ISSN: 1364-9213 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/09614529952657 |
| OpenAlex | W1972812756 |
| Language | EN |
| Citations received | 14 |
Recent initiatives from the OECD, the World Bank, and others on the subject of corruption have received widespread attention. However, the author argues that the incidence of corruption is closely connected with contracting-out, concessions, and privatisation, where multinationals based in OECD countries stand to gain profitable business. The encouragement of privatisation by the World Bank, and the economic benefit to OECD multinationals from this business, mean that action against corruption needs to involve effective sanctions by developing countries against multinationals which engage in corrupt practices; greater political transparency to remove the secrecy under which corruption flourishes; and resistance to the uncritical extension of privatisation. This article looks at empirical evidence on this subject
Business · Developing country · Development economics · Economic growth · Economic policy · Economics · Empirical evidence · International trade · Language change · Market economy · Political economy · Political science · Politics · Sanctions · Secrecy · Corruption and Economic Development · Law
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Corruption
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| Citations per year | 0.54 |
|---|---|
| Citation span | 2000 - 2020 (21) |
| Highly cited | No |