Bridging Economic and Legal Perspectives
Chapter 2: The causes and consequences of corruption
AbstractThe graveness of corruption explains why this problem is subject to criminal law regulation. Corruption leads to the violation of other laws, the unfair allocation of benefits, and wastage of resources in both the private and public sector. It distorts both political and administrative decisions, and may undermine what governments seek to achieve. The hidden character of corrupt acts complicates empirical research and makes it difficult to determine the problem’s magnitude. However, the quality of various secondary sources of information has improved over the last decade and so have the methodologies used to investigate the impact of law enforcement strategies. These developments have led to stronger research results on the nature of the problem and what can be done to improve it.
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