The crisis that nearly brought the world's financial house down in 2008 demonstrated clearly that the global economy cannot work where there is widespread deception, corruption and lack of accountability. Corruption and lack of accountability are also key reasons why international development assistance so often fails to deliver on its promise.

About the Author

LLOYD J. DUMAS Professor of Political Economy, Economics and Public Policy at the University of Texas at Dallas, USA.

JANINE WEDEL is Professor in the School of Public Policy at George Mason University, USA.

GREG CALLMAN is Presidential Management Fellow at the U.S. Department of Energy, USA.

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