"The worm that never dies"

The Economist, March 2, 2002.

Synopsis:
This article discusses how bribery, "a worm that gnaws at the fruits of economic endeavor," can be eliminated. Despite the introduction of new laws and policies against it, bribery seems to be growing rather than fading away. In addition to the legal forces, market forces should play a major role in the fight against bribery. Companies must provide their employees with clear advice about how to deal with bribery. Internal audit procedures and training also help the battle against bribery. Multinational corporations may also have to participate in the fight. All these effort combined would be necessary to eliminate bribery that has a negative impact on economic growth.

Full-text Article: http://www.economist.com/PrinterFriendly.cfm?Story_ID=1011076&CFID=708438&CFTOKEN=86526061&

Text connection: Chapter 2 "National Differences in Political Economy" (pp.68-70).

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