Further notes on information, corruption, and optimal law enforcement

Abstract

Fine, Probability of detection and punishment, Corruption, Information, K4,

Equitable and Sustainable Development of Foreign Land Acquisitions: Lessons, Policies and Implications

“…These lines of thought are consistent with development literature suggesting that institutional quality is a necessary condition for resource management (Boyce & Ndikumana, 1998, 2001Fosu, 2013ab;Asongu, 2012). Essentially, resource booms in developing countries are associated with substantial rent-seeking and corruption (Garoupa & Jellal, 2007;Jellal & Bouzahzah, 2013;Asongu, 2014b) which do not lead to equitable and sustainable management of resources.…”

Knowledge Economy Gaps, Policy Syndromes and Catch-Up Strategies: Fresh South Korean Lessons to Africa

“…Then there is the thorny issue of corrupt political elites in Africa (Garoupa & Jellal, 2007;Jellal & Bouzahzah, 2013). Narratives on the Korean model have been consistent on the position that an effective government is crucial for the success of the KE strategy in order to achieve the long-term development objectives.…”

The Comparative Economics of Knowledge Economy in Africa: Policy Benchmarks, Syndromes, and Implications

“…Credible institutions are also essential for liberalized peripheral countries in times of crises like political strife. On the thorny institutional issue of corruption by political elites (Garoupa & Jellal, 2007;Jellal & Bouzahzah, 2013) which is the third most important African development issue (after poverty and unemployment), governments should work towards recuperating the stolen funds by more pragmatic means. The funds could then be reinvested in import-substitution industries like President Park did with South Korea (Tran, 2011;Asongu, 2014d;Tchamyou, 2014).…”