Oil, Corruption and Development
Article from: OGEL 1 (2005), in Good Governance
Introduction
There is a moral, a legal and an economic aspect of corruption. Legally, corruption in a narrowly defined way is illegal throughout the world - though "wider forms of corruption" - say: making contributions to politicians to further one's business or a general industry interest promising, formally or rather more informally, to employ politicians and senior bureaucrats after retirement in a staff or consulting role paying for pretend- (or even real) services of politicians, bureaucrats or their close familiy and associates (lectures ...