In this query we look at corruption in fast growing markets, using Russia and Vietnam as case studies. A survey of development literature reveals that in these two countries rapid economic growth has put substantial strain on institutional structures that were designed for a centrally planned command economy. The transition process has been characterised by the simultaneous restructuring of the state and building of the market economy which has opened up new avenues of corruption. Both countries have seen increases in administrative, political, judicial and private sector corruption in recent years. Efforts to fight corruption in both countries are plagued by a plethora of problems such as gaps in implementation, lack of coordination between anti-corruption agencies and lack of independent oversight and monitoring, to name just a few. The answer concludes with a set of suggestions to combat corruption that can be applied not only in Russia and Vietnam but also generally in the context of fast-growing transitional economies.
Fuente: Anti-corruption Resource Centre – U4