Recent initiatives from the OECD, the World Bank, and others on the subject of corruption have received widespread attention. However, the author argues that the incidence of corruption is closely connected with contracting-out, concessions, and privatisation, where multinationals based in OECD countries stand to gain profitable business. The encouragement of privatisation by the World Bank, and the economic benefit to OECD multinationals from this business, mean that action against corruption needs to involve effective sanctions by developing countries against multinationals which engage in corrupt practices; greater political transparency to remove the secrecy under which corruption flourishes; and resistance to the uncritical extension of privatisation. This article looks at empirical evidence on this subject.
This article is hosted by our co-publisher Taylor & Francis.
How to cite this resource
Citation styles vary so we recommend you check what is appropriate for your context. You may choose to cite Oxfam resources as follows:
Author(s)/Editor(s). (Year of publication). Title and sub-title. Place of publication: name of publisher. DOI (where available). URL
Our FAQs page has some examples of this approach.