The Nature of Corruption and Multilateral System of Anti-Corruption Regulation in the Transition Economy of Russia

Type Journal Article - European Journal of Scientific Research
Title The Nature of Corruption and Multilateral System of Anti-Corruption Regulation in the Transition Economy of Russia
Author(s)
Volume 65
Issue 1
Publication (Day/Month/Year) 2011
Page numbers 79-92
URL http://ejournal.narotama.ac.id/files/The Nature of Corruption and Multilateral System of Anti-.pdf
Abstract
The article is devoted to the analysis of corruption and rent-seeking behavior in the transition economy of Russia and the mechanisms for stakeholder integration in the fight against them. It rests on the premise that combating corruption is an interactive process based on a complex set of institutional agreements among stakeholders in the economic system. The challenge is for all stakeholders to develop coordinated efforts in order to minimize social costs of corruption and maximize benefits of anti-corruption policies. This task might be solved by the multilateral system of anti-corruption regulation.

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