The purpose of this paper is to survey current academic and policy debates on combating corruption and the implications of the various international initiatives on social and…
Abstract
Purpose
The purpose of this paper is to survey current academic and policy debates on combating corruption and the implications of the various international initiatives on social and economic development in both developing and transition economies.
Design/methodology/approach
The paper reviews a range of published articles (1967‐2005), which provide theoretical and practical research on corruption and development. Themes discussed ranged from: conceptualization of corruption, causes of corruption, effects of corruption, perception and measurement of corruption, aid and corruption, and international efforts at combating corruption.
Findings
Provides information on each author's perspectives on corruption, aid and development. The paper generally concedes the wastefulness of corruption. Corruption directly impedes progress towards the common poverty reduction objectives of both donor agencies and aid recipient countries.
Practical implications
A very useful source of information drawing on thoroughly researched papers on corruption and the efforts at ridding society off its effects. The paper provides an impartial motivation to policy makers in re‐examining existing international tools for combating corruption in developing and transition economies.
Originality/value
The paper fulfils an identified need to digress from the neo‐liberal approach to corruption and adopt a more nuanced and institutional‐based reviews of the concept of corruption and consequently efforts (by both governmental and non‐governmental international organizations) at combating it. While the paper recognizes that corruption wastes and misallocates resources from the most socially useful projects towards those that are beneficial to bribers and corrupt public officials, it nonetheless asserts that the misguided approaches to corruption only creates more bottlenecks that stifles development in the developing and transition economies.
Details
Keywords
Though many articles have been produced warning people of the inherent dangers of responding to this fraud, very little work has been done on the impact of the advance fee fraud…
Abstract
Purpose
Though many articles have been produced warning people of the inherent dangers of responding to this fraud, very little work has been done on the impact of the advance fee fraud on investment and overall economic development of countries in sub‐Saharan Africa. This paper aims to examine the nature and causes of the Nigerian “419” fraud.
Design/methodology/approach
Besides, underscoring the role of the political and historical situation of the sub‐region in exacerbating the fraud, the paper situates the discussion within the broader context of organized crimes perpetuated by Africans in Africa or elsewhere in the world.
Findings
A relationship exists between crime rate and development and thus there is a need for transnational collaborative efforts in controlling and preventing these crimes. However, the gap between the economic fundamentals and investor confidence is puzzling.
Originality/value
The paper examines the link between perception of crime in Nigeria and Africa as a whole and the rate of investment flow to the continent.