The past decade has seen an increased interest by the international community in corruption that is rampant in the developing economies. Since the introduction of the OECD Anti-bribery Convention in 1998, more than 38 countries have ratified to the convention. The U.S government through the Department of Justice and Security and Exchange Commission has as well enhanced their enforcements within the Foreign Corrupt Practices Action. The World Bank also requires countries to maintain integrity in order to qualify for grants and loans. All these have been in the interest to put corruption in the developing countries under control.
Kenya is one such country where corruption practices have been the order of the day. With political class being in control, corruption has been rampant ranging from bribery of government officials, stealing of public resources by public officials and the powerful political class such as land grabbing. Kenya has witnessed a series of corruption scandals over the years including the Goldberg saga which cost the country billions of dollars, the Triton saga worth over $80 million and the Anglo-Leasing case which continues to haunt the country up to date among others. The enactment of the new constitution in 2010 brought much hope to the country, yet little has been realized in terms of fighting corruption.
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I found this topic of particular interest for my macro-economics class due to the rampant trends in corruption in the developing world. The issue of corruption has also taken different forms including the aristocrat manipulating or making policies that leave loopholes for shady business. Kenya is of particular interest mainly from the shocking Anglo-Leasing scandal which has cost the country not only millions of dollars in cash, but also placed it in a difficult position in the international community. The Euro-Bond for example largely depended on the Kenya’s decision on the handling of the case. This topic will help shed light on the larger picture of corruption in the developing world, its impact and the role of the international community in helping the ailing developing economies.
- Abdallah, Wahid. Three Essays on the Economics of Corruption. University of Washington, 2011.
- Gander, James P. “Macroeconomic Analysis Of Corruption Among Developing Countries.” Journal of Advanced Research in Law and Economics (JARLE) 3 (II (2011): 4-8.
- Gander, James P. Macroeconomic analysis of corruption in developing economies. No. 2011-02. Working Paper, University of Utah, Department of Economics, 2011.
- Kamiru, John, Macki Sissoko, and Carl B. McGowan Jr. “The Macroeconomic Effects of Corruption, Remedial Measures on Selected Developing and Emerging Economies: An Empirical Analysis.” (2013).
- Njuru, Jane Wangari. “Perspectives of Kenyan students in the United States on e-government and citizen participation.” Journal of Global Affairs and Public Policy 1.1 (2011).
