This paper examines whether corruption can be an efficiency enhancing adaptation to poor institutional environments. Prior research on this question has not tak

Corruption, particularly political or “grand” corruption, distorts the entire decision-making process connected with public investment projects. The degree

Why has China grown so fast for so long despite vast corruption? In China's Gilded Age, Yuen Yuen Ang maintains that all corruption is harmful, but not all type

Looking decades ahead into the future, many informed observers see China moving steadily to the top of the world's economic league. Several sources, including t

Good governance is important for countries at all stages of development... Our approach is to concentrate on those aspects of good governance that are most clos