At the economic level, corruption is seen as a contributing factor to the East Asian financial crisis. The crisis focused people's attention on the staggering impact of corruption, particularly in Indonesia, the Republic of Korea, and Thailand. The interlocking relationship of business and...

This book grew out of the Global Issues seminars and is itself a testament to that two-way dialogue: the suggestion to compile the speakers' lecture notes into a book came from the students themselves. Both the seminars and this book reflect the Bank's conviction that the seemingly intractable...