Date Added: Feb 2010
The economic meltdown has aroused, indeed in some quarters reinforced, suspicions that the world's economic systems foster corruption and greed, at least among the more powerful members of society. The basic premise is that characteristic features of economic systems such as the level of different economic freedoms either promote or restrict the incidence of public corruption. But which is it? Do economic freedoms promote corruption, or suppress it? Focusing on most of the nations of the world, this study reports the results of an analysis of 11 years of data linking various economic freedoms to a widely used measure of public corruption.