StudentShare solutions
Triangle menu

World Bank Anti-Corruption - Essay Example

Nobody downloaded yet

Extract of sample
World Bank Anti-Corruption

Across several studies it has been shown that one standard deviation above the mean of corruption lowers investment rates by approximately three points, and lowers the average growth by almost one point per year (Kaufmann & Vicente, 2005). The World Bank (WB) seeks to monitor corruption across aided projects and developing nations (WB, 2006 a, b). To enable this to occur, the WB employs a multi-disciplinary staff with almost half of its employees located in country offices, who actively contribute to international policy formation (WB, 2006b).
This paper is a formal application to the WB to demonstrate understanding of corruption issues and commitment to upholding anti-corruption business practices as determined by the WB. Firstly, a clear definition of corruption for this paper will be presented. Secondly, developing countries that currently experiences corruption will be highlighted. Thirdly, WB anti-corruption policies and protocols will be discussed, including a brief about anti-corruption considerations as a WB staff member. Next, the ability of the WB to address corruption will be debated, and best practices from around the globe will be outlined. Then, suggestions as to how the WB could effectively tackle corruption will be proposed. Finally, a conclusion shall synthesize the main points and demonstrate that this application aligns with the WB ethos of anti-corruption.
Traditionall Traditionally, corruption has been defined in terms of 'the abuse of public office for private gain' (Kaufmann & Vicente, 2005). In this regard, corruption is viewed illegal, such as in the form of administration bribery, fraud or misappropriation of resources (Kaufmann & Vicente, 2005; WB, 2006a). Recently though, the term corruption has become associated with other less obvious acts, such as complicity between representatives of both the public and the private sectors. Further, collusion between parties may be considered a legal activity in some countries, such as lobbying contributions that allow legislations to be passed.
Kaufmann and Vicente suggest an alternate definition to clarify corporate corruption, which in turn affects public corruption. Corruption can thus be described as "a collusive agreement between a part of the agents of the economy who, as a consequence, are able to swap [over time] in terms of positions of power (i.e. are able to capture, together, the allocation process of the economy) (2). In this form, corruption represents high-level 'influence,' extending on the act of bribery and reflects "a particular sharing pattern of the joint payoff from the referred relationship" (3). They provide the example of a politician with strong business relationships within the private sector that are exploited for the benefit of each party, also known colloquially as "you scratch my back, I'll scratch yours". Kaufmann and Vicente's comprehensive and salient definition will be used for this paper.
With regard to nations that are acknowledged to have experienced widespread corruption, they include Bangladesh, Indonesia, Chile, Paraguay, Lithuania and Russia, as just a few of the countries noted by the WB to have had extensive corruption practices (WB, 2006e). These nations have firms and individuals listed as ineligible for future WB aid for a proscribed period as they were identified as having broken anti-corruption standards as determined by the Procurement Guidelines or the Consultants Guidelines, ...Show more


Corruption has become a critical area of concern in early 21st century political and development economy discourse (Kaufmann & Vicente, 2005). To date there is no international standard definition of corruption in the field, and this has complicated efforts to monitor, measure and implement changes…
Author : dax73
World Bank Anti-Corruption essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"World Bank Anti-Corruption"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Anti-corruption Efforts in Nigeria
??s political, economic and social struggles moving forward in the post-colonial era.4 This research paper focuses on corruption in Nigeria as an African state noted for corruption and seeks to understand its prevalence in the context of anti-corruption measures.
16 pages (4000 words) Essay
History of the World Bank. What is the impact of the world bank upon development in the south
History of the World Bank. The World Bank (WB) is a renowned international financial institution. Major objective behind its formation was to provide loans to developing countries through capital programs. The World Bank's major objective is to combat poverty for lasting results and provide assistance to people by providing resources, knowledge exchange, creating partnerships, and capacity building in the public and private sectors.
18 pages (4500 words) Essay
Regional Corruption Report (Kazakhstan, Russian Federation, and Ukraine)
On Transparency International’s 2010 Corruption Perceptions Index, Kazakhstan’s score is 2.9; Russia’s score is 2.1 and Ukraine’s score is 2.4. On a scale from 0 to 10, these scores are very low and fall close to the highly corrupt mark. The World Bank reports that corruption is declining in Eastern Europe countries.
20 pages (5000 words) Essay
Combating Corruption in the Developing World
Corruption is cited as one of the major reasons why developing countries are unable to achieve faster economic growth and development in addition to failure to improve the general wellbeing of its people. According to Banerjee, Hanna, and Mullainathan (2009), corruption generally means deviation from the ideal principles, or engaging in acts of moral or spiritual impurity (2).
5 pages (1250 words) Essay
Anti-corruption: Transparency in private sector Corporate Governance
Then, Corporate Governance which acts as a tool against anti-corruption is dealt with. The main theme of transparency in Corporate Governance is also elaborated in depth. The adherence to Corporate Governance by the private sector companies in Egypt are mentioned next.
5 pages (1250 words) Essay
Political Corruption
Social scientists and policy makers have long been puzzled by the relationship between corruption and political and economic development and the question of how to effectively hold corruption and scandal. Conventional perception is that corruption harms rule of law, demoralizes the society, and inhibits economic growth.
12 pages (3000 words) Essay
The Role of the World Bank in a Global Economy
The World Bank was created on 27 December 1945. This was in effect due to the international endorsement owing to the agreement known as the Bretton Woods. In this agreement, United Nations Monetary and Financial Conference led to the formation of the same. World Bank
20 pages (5000 words) Essay
Public Procurement Law: Critically examine the approach of the World Bank to the following issues, in the context of procurement financed by World Bank funds th
(Westring, 1991). However, the question of corruption in the awarding of contracts has been an issue that the World Bank is increasingly confronted with and its position on this issue has gradually become a more open one, where efforts are being made to identify and take
15 pages (3750 words) Essay
The role of the World Bank
The World Bank was created on 27 December 1945. This was in effect due to the international endorsement owing to the agreement known as the Bretton Woods. In this agreement, United Nations Monetary and Financial Conference led to the formation of the same. World Bank
8 pages (2000 words) Essay
Combating corruption in the developing world
According to Banerjee, Hanna, and Mullainathan, corruption generally means deviation from the ideal principles, or engaging in acts of moral or spiritual impurity. They further argue that corruption takes two major dimensions namely economic and political.
5 pages (1250 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Contact Us