The above quotations highlight the adverse consequences of corruption in many countries around the world today. Indeed, the research taboo on corruption, which Gunnar Myrdal identified in 1968, no longer exists, and the silence on the “C” word (corruption) in the World Bank was broken by James Wolfensohn in his famous October 1996 speech, which focused on the negative consequences of the “cancer of corruption” on the World Bank's aid programs.
Quah, J.S.T. (2011), "Chapter 1 Corruption in Asian Countries: Causes, Consequences and Control Patterns", Quah, J.S.T. (Ed.) Curbing Corruption in Asian Countries: An Impossible Dream? (Research in Public Policy Analysis and Management, Vol. 20), Emerald Group Publishing Limited, Leeds, pp. 1-33. https://doi.org/10.1108/S0732-1317(2011)0000020008
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