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.
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.
Peter Orszag and Jonathan Orszag argue that, though conspiracy theories regarding the Bureau of Labor Statistics are misguided, BLS methods for compiling macroeconomic statistics do need updating to harness the power of "big data."
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 broad-sweeping look at international efforts to combat transnational crime. This is part of the Global Governance Monitor, an interactive feature tracking multilateral approaches to several global challenges.
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.
The OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (the OECD Anti-Bribery Convention) was adopted on December 17, 1997 and entered into force on February 15, 1999.
How can businesses prevent partnering with corrupt businesses abroad and enforce ethical practices in their organizations? Links to news, policies, conferences, guides, tools, and corporate social responsibility initiatives to fight corruption in business and create a competitive, honest international market.
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.