1.Previous
3.Next

literature focuses on explicit corrupt actions like bribery and embezzlement, endemic in poor countries (see below). For "money in politics," the causes are very different and largely ignored in conventional literature. For example, the UK is a developed economy with a robust democracy, and yet London is a hub for money laundering. In a critique of the failures and politics leading up to the US financial crisis, a Stanford financial economist noted, "In the real world, it turned out, important economic outcomes are often the consequences of political

1.Previous
3.Next