Much of the outrage over economic inequality in the United States has centered on the high compensation and lack of accountability that corporate executives supposedly enjoy -- allegedly the result of boards at public companies. The truth, however, is that American CEOs now earn less and get fired more than in the recent past.
Lobbies representing foreign interests have an increasingly powerful -- and often harmful -- impact on how the United States formulates its foreign policy, and ultimately hurt U.S. credibility around the world.
The United States has vocally opposed Sandinista candidate Daniel Ortega, the winner of Nicaragua’s presidential election. But Nicaraguans are more concerned about a political pact that threatens to derail their country’s democratic institutions.
Former Pentagon official Paul Wolfowitz is now reveling in the role of reformer at the World Bank, where he has made corruption a major theme of his first year as chief. But fighting corruption, like building democracy, may be the work of generations.
Terra Lawson-Remer and Joshua Greenstein say, "Many resource-rich African countries make poor use of their wealth... Instead of creating prosperity, resources have too often fostered corruption, undermined inclusive economic growth, incited armed conflict and damaged the environment."
A decade after the World Bank mounted its first anticorruption campaign, the impact appears to have been minimal. Paul Wolfowitz, the bank's new president, is seeking to reinvigorate the effort. But doubts remain about the bank's ability to confront corruption among its borrowers.
Politician Bo Xilai's sudden fall from grace unmasks long-discussed corruption within the political ranks and undermines a smooth leadership transition for the Communist Party, says CFR's Elizabeth Economy.
Jean Herskovits warns not to look at the recent spate of violence in Nigeria through the lens of radical Islam, but rather as a reaction to the rampant corruption and lack of governance in the country.
This paper from the German Marshall Fund of the United States notes Georgia's better performance compared to Ukraine in two key areas of reform: improving the rule of law and battling corruption. The paper says that Ukraine’s failure to capitalize on the hopes raised by the ‘Orange Revolution’ has been highlighted by the recent Nato summit in Riga, where it became plain that plans to fast track Ukraine’s NATO membership application have been shelved indefinitely.
Elizabeth C. Economy says corruption and the failure to develop rule of law in China now define much of the country's political and economic life. With Xi Jinping poised to take over, the focus should be on significant political reform.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.