Corruption and Economic Growth - Hardcover

Chaturvedi, B. K.; Chandra, Shekhar

Hardcover

ISBN 10: 9332701741 ISBN 13: 9789332701748

Publisher: Academic Foundation, 2015

Synopsis

This book examines the concept of corruption, its ethical interface, and its measurement. It looks at economies of about 150 countries in different income groups and using cross-country regression analysis estimates how corruption impacts their economic growth. In the light of experience of some major global economies, it suggests a strategy for meeting the challenge of political and petty corruption. It identifies the drag effect of low incomes on the ability of countries to lower corruption and focuses on the centrality of growth for reducing corruption. The study brings out the criticality of systemic reforms, especially of institutions, participation of community, and education. It strongly emphasizes the need for laws covering corruption in both the government and private companies and a fair and independent investigating agency with quick trials of corrupt public servants. The book gives a brief history of corruption in India, efforts made in recent years, and the much-hyped Lokpal act with changes required in the current law to address corruption.

About this title

From the Author:

B. K. Chaturvedi served as a member of the Planning Commission of India from 2007 to 2014 and of the Thirteenth Finance Commission from 2007 to 2009. Starting his career in the Indian administrative service in 1966, he rose to the highest position in the civil service of the country when he was appointed cabinet secretary. In 2010, the president of India granted him one of the highest civilian awards, the Padma Bhushan. Shekhar Chandra is an engineer who has been working at the intersection of economic growth and environment. He researches India's role in international climate negotiations by combining his analysis of domestic energy challenges with an analysis of the international negotiations and in particular how India can achieve a fair deal without derailing the process.

Review:

"B. K. Chaturvedi and Shekhar Chandra have written a comprehensive book on corruption. They trace the origins of corruption and study its impact on economic growth in a cross-country frame work. Corruption leads to incorrect choice of investors, resulting in inefficiency. The authors also come up with interesting suggestions for the modifications in the Indian laws relating to corruption. The book is a sober assessment of the harm that corruption inflicts on the economy and the polity. A must-read book for all those interested in probity in public life."  —C. Rangarajan, chairman, Madras School of Economics–Chennai, and former chairman, Economic Advisory Council to the Prime Minister of India

About this edition

• Publisher: Academic Foundation
• Publication date: 2015
• ISBN 10: 9332701741
• ISBN 13: 9789332701748
• Binding: Hardcover
• Number of pages: 250