China one-party / Graft and growth / India corporations

-
Get AP-INTACT posts on Twitter (https://twitter.com/apintactnetwork)
If a link below does not work, please copy and paste the link into your browser’s address bar instead.
INFO: China’s Communist Party mouthpiece defends ability of one-party rule to tackle corruption.  “China’s Communist Party’s mouthpiece has published a commentary that has jumped to the defence of the ability of a single-party system – as found on the mainland – to successfully tackle corruption, while citing both the United States and Singapore as examples.”
Choi Chi-yuk/South China Morning Post: http://www.scmp.com/news/china/policies-politics/article/1982627/chinas-communist-party-mouthpiece-defends-ability-one
COMMENTARY: No, Graft Isn't Good for Growth.  “The case for graft, as it were, is superficially plausible. Like a light-fingered version of Adam Smith’s invisible hand, thieving officials have an incentive to spur economic activity. The real estate and infrastructure projects that line their pockets also contribute to a blistering pace of investment. If millions of tax dollars have gone into banquets of sea cucumber and baijiu -- a throat-scorching Chinese liquor -- such extravagance at least boosts consumption. Now investigators have frightened cadres into cancelling investment projects and contenting themselves, as Xi has urged, with four dishes and a soup. Consumption, investment and growth have all taken a hit.”
Tom Orlik/Bloomberg: http://www.bloomberg.com/view/articles/2016-06-28/corruption-crackdown-isn-t-to-blame-for-china-s-slump
INFO: 80% Indian firms saw corporate fraud last year, 25% reported corruption.  India has one of the largest rates of corporate fraud in the world, according to the Global Fraud Survey, 2015-16, conducted by the risk-mitigation consultancy Kroll and the Economist Intelligence Unit
Catchnews: http://www.catchnews.com/business-economy-news/80-indian-firms-saw-corporate-fraud-last-year-25-reported-corruption-1467052989.html

Popular posts from this blog

The Pacific - Nepal - Eastern Europe & Central Asia

-
[Blog] How are perceptions of corruption in seven small Pacific countries? Larger Pacific Island neighbors are often garnering the lion's share of attention both from researchers and policy makers. How are the experiences of corruption in countries like Tuvalu, Tokelau, Niue, the Republic of the Marshall Islands (RMI), The Cook Islands, Palau, and Nauru? DevPolicy Blog: https://devpolicy.org/perceptions-of-corruption-in-seven-small-pacific-island-countries-20230223/   [Opinion] Two decades of new anti-corruption law in Nepal: Why it missed its mark. According to a Nepalese journalist, the Anti-Corruption law and Prevention of Corruption act of 2002 laid the foundation for numerous investigations, scandals, and court cases. To a large extent, they did however fail to enable significant conviction and return of assets. Online Khabar: https://english.onlinekhabar.com/anti-corruption-law-missing-target.html   [Blog] Growing security risks and authorit...
Read more

Global - Sub-Saharan Africa - Turkey & Syria

-
Invisible Trillions review: Global capitalism operates beyond the rule of law and threatens democracy. Raymond W. Baker's new book "Invisible Trillions" argues that "secrecy has become as important for corporations as transparent and taxable profits used to be". "Only radical improvements across the globe in financial transparency and accountability, and in regulatory capacity and integrity, can break this cycle of political decay and despair". The Conversation: https://theconversation.com/invisible-trillions-review-global-capitalism-operates-beyond-the-rule-of-law-and-threatens-democracy-199311   [Blog] The dynamics of violent extremism in sub-Saharan Africa. There is no better environment for the expansion of violent extremist groups than a vacuum in state authority. These groups begin to compete with the state and may even be initially attractive to communities weary of years of lawlessness, corruption, and chaos according to autho...
Read more

Middle East & North Africa - Ukraine - Sri Lanka

-
Corruption fuels ongoing conflict. The Middle East and North Africa has been in a decline on the Corruption Perceptions Index (CPI) for years. The region is also ranked as the "least peaceful region" according to the Global Peace Index. Transparency International (TI) argues that corruption, conflict, and security are profoundly intertwined. TI: https://www.transparency.org/en/news/cpi-2022-middle-east-north-africa-corruption-fuels-ongoing-conflict   [Opinion] Ukraine's corruption purge is setting the stage for private investment-driven recovery. Corruption is regarded as a key threat to the Ukrainian economy, depriving public budgets and discouraging foreign direct investments (FDI). The current administration has taken strong anti-corruption action, and the country has witnessed a significant increase in FDI in recent years, says author. DevDiscourse: https://www.devdiscourse.com/article/business/2353089-ukraines-corruption-purge-setting-stage-...
Read more