Why graft isn't always bad for business

03/25/2010 | ForeignPolicy.com

Corruption isn't always a bad thing, writes Ray Fisman -- in fact, some of the biggest economic success stories of recent years have come from countries with rampant corruption. The key to ensuring the health of national economies, Fisman writes, is to ensure stability: As long as everyone knows the expected "fees" for given services, there's no reason for corruption to have a serious impact on the business community.

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