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Economic Gangsters: Corruption, Violence, and the Poverty of Nations
Synopses & Reviews
Meet the economic gangster. He's the United Nations diplomat who double-parks his Mercedes on New York City streets at rush hour because the cops can't touch him--he has diplomatic immunity. He's the Chinese smuggler who dodges tariffs by magically transforming frozen chickens into frozen turkeys. The dictator, the warlord, the unscrupulous bureaucrat who bilks the developing world of billions in aid. The calculating crook who views stealing and murder as just another part of his business strategy. And, in the wrong set of circumstances, he might just be you.
In Economic Gangsters, Raymond Fisman and Edward Miguel take readers into the secretive, chaotic, and brutal worlds inhabited by these lawless and violent thugs. Join these two sleuthing economists as they follow the foreign aid money trail into the grasping hands of corrupt governments and shady underworld characters. Spend time with ingenious black marketeers as they game the international system. Follow the steep rise and fall of stock prices of companies with unseemly connections to Indonesia's former dictator. See for yourself what rainfall has to do with witch killings in Tanzania--and more.
Fisman and Miguel use economics to get inside the heads of these "gangsters," and propose solutions that can make a difference to the world's poor--including cash infusions to defuse violence in times of drought, and steering the World Bank away from aid programs most susceptible to corruption.
Take an entertaining walk on the dark side of global economic development with Economic Gangsters.
About the Author
Raymond Fisman is the Lambert Family Professor of Social Enterprise and research director of the Social Enterprise Program at Columbia Business School. He is a columnist for "Slate". Edward Miguel is associate professor of economics and director of the Center of Evaluations for Global Action at the University of California, Berkeley.
Table of Contents
Chapter One: Fighting For Economic Development 1
Chapter Two: Suharto, Inc. 22
Chapter Three: The Smuggling Gap 53
Chapter Four: Nature or Nurture? Understanding the Culture of Corruption 76
Chapter Five: No Water, No Peace 111
Chapter Six: Death by a Thousand Small Cuts 136
Chapter Seven: The Road Back From War 159
Chapter Eight: Learning to Fight Economic Gangsters 186
Epilogue: Doing Better This Time 207
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