Corruption and International Trade: A Legal Perspective

Corruption is a major issue in international trade. A recent report estimated the global cost to be in the range of $1,000 billion per annum. As a result, the past decade has seen a flurry of activity on the international front which has led to the emergence of a number of international and regional instruments. Increasingly lawyers, legislators and policy makers at the national level are being called upon to introduce and deal with legislative measures. This book examines the legal framework for combatting corruption as it relates to international trade. The volume provides an in-depth analysis of the current legislative (formal and informal) framework and suggests further improvements in the fight against corruption. While the approach is to some extent doctrinal, the book draws upon research on corruption in other disciplines such as economics, development studies, politics and philosophy in assessing and proposing improvements to the current regime. This title provides policy makers, practitioners and the academic community with a comprehensive and pertinent analysis of the current legal framework alongside making suggestions for further improvements.