Dealing with the Consequences: Repairing the Social Damage caused by corruption

What do you steal when you bribe a government official? Do you cause any harm when you negotiate a kickback? Is it any different if “everybody does it”? When does your conflict of interest turn into an improper… Read More

Procurement Riddles (Part 1)

One field where the “fight” against corruption has been perhaps the least effective is procurement, rather referred generally as contracting. It is difficult to put it more bluntly. The technical director (now on leave) of the company in… Read More

Shopping for Governance

I used to like Gerard Depardieu’s performances until he said he would become Russian -just to avoid paying taxes in France, and went on to praise Russia’s democratic character[1]. He could at least have saved the last bit. … Read More

Corruption causes social damage: can it be repaired?

We know corruption is bad, we argue about its consequences but we have been obsessed with its causes and the perpetrators.  The main point of academic, activist and reformist attention view has been: whether it is the supply… Read More

Of fraud, corruption and self-pity: What are corruption sanctions for?

The logic of Judge Rakoff is clean, whether one likes the consequence or not, so does his math. In rendering his decision on the Consent Judgment in S.E.C v Bank of America he considered the proposed agreement unfair,… Read More

Corruption, Transparency and Foreign Investment: a contribution to the US BIT Model review

This is the note containing a commentary I submitted in the context of the  2004 US BIT Model review. Looking forward to your reactions. Juanita Olaya (c)