1. Mercers’ School Memorial Professor of Commerce Michael Mainelli
What I Like About This Country Is That It Has A Nice Level Of Corruption!

2. “Get a detailed grip on the big picture.” Chao Kli Ning
Outline
A world problem
Home truths
Transparent definition
Cost of Corruption
Overtipping
Transparently a paradox
Solutions?
Zero tolerance?
“Get a detailed grip on the big picture.” Chao Kli Ning

3. A World Problem
“So far as our institution is concerned, there is nothing more important than the issue of corruption At the core of the incidence of poverty is the issue of equity, and at the core of the issues of equity is the issue of corruption.”
James D. Wolfensohn
President of the World Bank
October 1999
Address to the Ninth International Anti-Corruption Conference in Durban, South Africa, as quoted in The World Bank, Helping Countries Combat Corruption: Progress at the World Bank Since (2000)

4. Mauritius – Take a Boat

5. Squeaky Clean

6. Blacker Than White

7. Not A Fake Copy

8. Quality Copy

9. Transparent Definition
“the misuse of entrusted
power for private gain”

10. Banking On Corruption

11. Schmiergeld

12. Equality and Property

13. Costs of Corruption

14. Olfaction

15. [Source: http://en.wikipedia.org/wiki/Principal-agent_problem]
Agency Theory
[Source:

16. Agency Problem!

17. No Option?

18. Community Service

19. Wanga Manga

20. Zero Tolerance?

21. Civility or Corruption?

22. Discussion
Is there a Goldilocks level of corruption – not too much, not too little, but just right?
Would absolutely no corruption mean absolute gridlock?

23. “Get a big picture grip on the details.” Chao Kli Ning
What I Like About This Country Is That It Has A Nice Level Of Corruption!
Thank you!
“Get a big picture grip on the details.” Chao Kli Ning