Football in the time of protest

Nauro F Campos 13 June 2014

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Football is actually coming home. Brazil is the spiritual home of the ‘beautiful game’. It is the only country to have competed in all 20 World Cup tournaments, it has won the tournament a record five times, and it is the only country to have won the tournament ‘away’ (Ponzo and Scoppa 2014).1 Brazilians worship football. As in all previous World Cups, the country will stop when the Seleção plays. Unlike all other Cups, however, this time there may be protests.

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Topics:  Institutions and economics Politics and economics

Tags:  Corruption, Political Economy, soccer, rent-seeking, Football, Brazil, infrastructure, sport, protests, FIFA

Growing out of corruption

Jie Bai, Seema Jayachandran, Edmund J. Malesky, Benjamin Olken 22 November 2013

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Eradicating corruption ranks among the central policy concerns of economic development practitioners around the globe. Then-World Bank President James Wolfenson made the case for combatting corruption in a 1996 speech now known as the “Cancer of Corruption” address. In it, he spelled out a theoretical mechanism connecting corruption and poverty:

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Topics:  Development Poverty and income inequality

Tags:  Corruption, developing countries, economic growth, bribes

Democracy in Africa

Thorvaldur Gylfason 17 November 2013

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A man’s admiration for absolute government is proportionate to the contempt he feels for those around him.
Alexis de Tocqueville

Until the second half of the 19th century, there were so few democratic states around the world that they could be counted on the fingers of one hand.

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Topics:  Development Economic history Politics and economics

Tags:  education, democracy, growth, Africa, Corruption, fertility, life expectancy, autocracy, anocracy

Higher government wages may reduce corruption

Jakob de Haan, Erik Dietzenbacher, Văn Hà Le 16 June 2013

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Defined as the abuse of public office for private gain, corruption is found to have bad effects on economic development, weaken the institutional system and create cynicism in the political life (Rose-Ackerman 2004). Quite a few economists have been troubled with the question of whether government wages should be used as a means to reduce the ‘gains’ from corrupt activities, and thus, breaking the vicious circle of high corruption and economic stagnation. However, there is very little agreement on the actual impact of government wages on corruption.

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Topics:  Politics and economics

Tags:  Corruption

Cyprus, corruption, money laundering and Russian round-trip investment

Svetlana Ledyaeva, Päivi Karhunen, John Whalley 17 June 2013

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The financial relationship between Cyprus and Russia has received a lot of attention as a result of the recent crisis in Cyprus (Wyplosz 2013). A large amount of Russian money has been invested in this small Mediterranean economy over the last two decades. It has been estimated that about one half to a third of all Cyprus bank deposits are of Russian origin. According to the ratings agency Moody`s, there is about $31 billion in Russian money in Cypriot bank accounts: $12 billion from banks and $19 billion from business and individuals (Young 2013).

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Topics:  International finance

Tags:  Corruption, Cyprus, round-trip investment

Public procurement markets: Where are we?

Patrick A Messerlin, Sébastien Miroudot 07 September 2012

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Recently, the EU and US have pushed very hard for opening public procurement markets, as illustrated by the EU and US pressures on Japan and China, respectively. In particular, the EU claims that it is by far the most open market in the world. In March 2012, this belief has induced the European Commission to request from member states a mandate for closing EU public procurement markets to firms originating from countries using ‘restrictive practices’ in this domain – the so-called ‘reciprocity’ approach.

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Topics:  EU policies Global governance Institutions and economics

Tags:  US, EU, Corruption, OECD, public procurement

Green policy and corruption

Massimo Tavoni, Caterina Gennaioli 12 July 2012

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In many countries public support policies have been implemented over the past several years with the aim of promoting renewable energy, energy efficiency, and the transition to a low-carbon economy. At the international level, emission permit trading and dedicated funds have been used to help developing countries finance the transition to a low-carbon economy, often through new and untested financial markets and mechanisms, in countries characterised by abundant renewable resources and weak institutions (Victor 2011).

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Topics:  Environment Politics and economics

Tags:  Italy, Corruption, green policy

Looking beyond the incumbent: The effects of exposing corruption on electoral outcomes

Ana De La O, Alberto Chong, Dean Karlan, Léonard Wantchékon,

Date Published

Mon, 01/23/2012

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Lifting the curtain on corruption in developing countries

Benjamin Olken , Rohini Pande 21 January 2012

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In recent years, innovations in methodology have sparked a remarkable expansion in economists’ ability to measure corruption. New techniques, from inferring corrupt links from stock prices to attempting to observe bribes directly, have been combined with randomised controlled trials and other empirical methods not only to uncover how much corruption exists but also to suggest what policies might be effective to reduce it. The resulting literature represents a small window on a vast, hidden world of bribes and graft that follows surprisingly familiar economic rules.

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Topics:  Development

Tags:  Corruption, developing countries, bribes

Three's company: Wall Street, Capitol Hill, and K Street

Deniz Igan, Prachi Mishra 11 August 2011

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At the end of 2007as markets grappled with early stages of what would become the worst financial crisis in the post-WWII era and a severe recession seized the US economythe Wall Street Journal reported that two of the largest mortgage lenders in the US spent millions of dollars in political donations, campaign contributions, and lobbying activities from 2002 through 2006 (Simpson 2007).

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Topics:  Global crisis Politics and economics

Tags:  US, Corruption, subprime crisis, financial regulation, lobbying, global crisis

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