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What about the efficiency of the cancellation of supposedly anomalous contracts? This has been a major component of the recent anti-corruption drive in the Philippines. Yet couldn't this lead to the erosion of property rights for the sake of corruption enforcement? http://www.econ.upd.edu.ph/dp/index.php/dp/article/viewFile/676/141
Allowing big companies to go around the world where they can benefit by bribing and corrupting heads of states of dictatorial governments and eventually allowing their wealth (both the briber and the bribed) to be stashed and also be invested in western countries is the major corruption issue that needs to be discussed about.
What about governments bribing governments and I am not even just talking about western democracies. They help keeping corruption up. I also still believe that corruption is sometimes supported by culture. Family ties in Africa and Thailand's rip off culture. They foster corruption and hamper growth by reducing productive trades.
Do you think the high-profile corruption cases in Brazil might break down the sense of immunity from corruption than many top Brazilian politicians no doubt felt?
It seems that Putin is using the "Publicity" and "Increasing Penalties" approach these days: http://www.economist.com/news/europe/21567384-vladimir-putin-has-initiat...
Maybe he thinks that it works!