Corruption can be rooted out, says World Bank

Indonesia improving, Thailand slipping: better governance leads to economic growth in both emerging and developed nations.

The World Bank under its current president, Paul Wolfowitz, has made headlines for its decision to make corruption and governance issues a core part of decisions on extending loans to client governments. To detractors, this is an American neo-con fantasy, either a noble but foolish effort or an outright political attack on WashingtonÆs opponents. Under this thinking, corruption is relative and hard to quantify, while good governance is a luxury for rich countries.

Not so, argues Daniel Kaufman, director of...

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