Global Corruption: Money, Power and Ethics in the Modern World

About the Book

Corruption is a key factor in sustaining appallingly high levels of poverty in many developing countries, particularly in relation to the poor provision of basic services such as education and health. It is also a major reason why growth-rate increases in Africa and South Asia have failed to benefit large segments of the population. Corruption drives the over-exploitation of natural resources, capturing their value for a small elite - whether timber from Indonesia or coltan from the Congo. In the developed world, corrupt party funding undermines political systems and lays policy open to heavy financial lobbying. In this book Laurence Cockcroft shows how corruption has to be seen as the result of the interplay between elite 'embedded networks', greed and organized crime. The growth of corruption has been facilitated by globalization, the integration of new and expanding markets into the world economy, and the rapid expansion of 'offshore' financial facilities, which provide a home to largely unregulated pools of finance derived from personal fortunes, organized crime and pricing malpractice in international trade.
This book shows how the current international interest in corruption follows the fifty years of the Cold War in which corruption was regarded in international policy-making circles as off the table. Cockcroft describes the change of attitude from the 1990s onwards and the initiatives which have been designed to combat corruption over the last twenty years - from individual prosecutors, to governments, to civil society, and to progressive business - and assesses their impact to date. The modest and uneven progress made indicates that corruption is a continuing threat - and one which is likely to become one of the most serious problems of the twenty-first century.

Table of Contents:

Chapter 1 : An Explosion of Corruption
Chapter 2 : Corrosive Power
Chapter 3 : Corruption in History
Chapter 4 : Corruption in a Bi-polar World: An Inconvenient Truth
Chapter 5: The Main Drivers of Contemporary Corruption
Chapter 6: The Anti-Corruption Struggle
Chapter 7: Obstacles to Progress
Chapter 8: Threats from the Future
Chapter 9: Ways Forward

About the Author :
Laurence Cockcroft is a Development Economist. He is a Founder of Transparency International, the global civil society organization against corruption, and was formerly Chairman of its UK chapter. He is the author of Africa's Way: A Journey from the Past (I.B.Tauris).

Review :
'Corruption is a tax on development, whose main victims are the world's poorest people. But wherever it grows, it hollows out governing institutions and undermines prosperity and stability. Laurence Cockcroft has written a brilliant analysis of its scale and malign results. His book deserves a place on the library shelf of everyone committed to sustainable development in free and plural societies.' Lord Patten, former European Commissioner and former Governor of Hong Kong 'Laurence Cockcroft has built a formidable reputation as an anti-corruption crusader and co-founder of Transparency International. He deserves personal credit for the development of anti-bribery legislation. His views on the way forward deserve close attention.' Vince Cable 'You can save a lot of money and time by reading this book in which Laurence Cockcroft provides a candid narrative, distilling his experience in countries all over the world on corruption and its possible solutions. This makes for fascinating reading; Cockcroft allows you to understand that there is no chaos but only complexity.' Luis Moreno-Ocampo, former Prosecutor of the International Criminal Court 'This thought-provoking book takes a wide sweep through the cause of corruption and its historical reality. It is a problem that will never disappear but must be constantly challenged and contained. This book will assist the struggle.' Clare Short, Chair of the Extractive Industries Transparency Initiative (EITI) and former Secretary of State for International Development