Graft And Growth Don't Mix

From France to Mexico, countries across the globe are attacking official corruption with renewed vigor. Corruption--in the form of bribery, influence-peddling, money-laundering, and the like--has generally been an offense against law and always unfair to honest businesses. But it is increasingly clear that official corruption, if left unchecked, can be a powerful drag on economic growth. It must be curtailed if countries are to thrive in the new global economy.

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