We document evidence of corruption in Chinese state asset sales. These sales involved stakes in partially privatized firms, providing a benchmark - the price ofFisman, Raymond J.Wang, YongxiangSocial Science Electronic PublishingFisman, Raymond and Yongxiang Wang, "Corruption in Chinese Privatizations"...
Chen and Kung (2019) exploit corruption in the Chinese land market, and Wang (2022) indicates that local officials shirk their efforts regarding the land privatization market to avoid risk. Our research adds a new dimension to the existing body of literature on anti-corruption campaigns by ...
“corruption” as a moral deflection device to disseminate policies of privatization, a small state, the excellence of multinationalenterprises, and trickle-down economics. These policies are predicated on selfishness and have led to huge inequality between states and individuals. The true definition of...
TheInternational Monetary Fund(IMF) cites several key factors that contribute to corruption. These include government intervention in the economy, the liberalization of policies, and the deregulation and privatization of certain industries. This can pop up in several different areas, including: Lowering ...
For example, foreign direct investment (FDI) and privatization proceeds were the KPIs for the minister of economy. For the tourism department within the Ministry of Economy, the number of tourists served as a KPI. For the minister of energy, the KPIs included net electricity exports and total ...
The World Bank’s neoliberal development model of sweeping privatization and starving the public sector of any significant aid has also encouraged or tolerated cronyism in the scramble over newly privatized assets and the mass eviction of the urban poor. The opposition has failed to offer a real ...
Kaufmann, Daniel, and Paul Siegelbaum. “Privatization and Corruption in Transition Economies.”Journal of International Affairs50, no. 2 (1997): 419–58. Kernell, Samuel, and Michael P. McDonald. “Congress and America’s Political Development.”American Journal of Political Science43, no. 3 ...
He said the PAC could not monitor GLCs because it had an advisory role and not a decision making one. “We have a role to ask but not to decide…we do not execute decisions taken by the cabinet but look at the effects of the decision taken. If they slack (in the decisions) then ...
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local-government and Party officials have set non-competitive privileged prices for opportunistic privatization (Chen et al., 2002). Bribes have been given for changes in building codes and land rezoning (Li & Vendryes, 2018). Bribes paid to local-government and Party officials have allowed priva...