Closed borders and open palms
A country’s innate aptitude for trade is central to its control of corruption
A RECENT explosion of research on the economic effects of corruption calls to mind the old riddle about the chicken and the egg. Almost every paper in this growing literature tackles the question of which came first: corruption, or the economic phenomena with which it is associated?
This article appeared in the Finance & economics section of the print edition under the headline “Closed borders and open palms”
From the September 9th 2000 edition
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The great-man theory of Wall Street
Why finance is still dominated by bold individuals
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election victory
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer