Corruption, particularly political or "grand corruption", distorts the entire decision-making process connected with public investment projects. The degree of distorsions is higher with weaker auditing institutions. The evidence presented shows that...

Government should promote sustainable human development in ways that reduce disparities in income, well-being, education and opportunity among all people today - while keeping the best interests of future generations in minds. This UNDP discussion...

The underground or 'black economy' has been a source for considerable concern to Indian public policy analysts since the mid-1960s. In this article, authors argue that the black economy played a critical role in the softening of the government budget...

The practice whereby some public money is illicitly diverted for private gain is present to some degree in all societies. Developing countries' particular circumstances - rapid economic and social change, strong kinship and ethnic ties, new...