Global Corruption
A 2006 article by Kuziemko and Werker makes the following finding:
Ten of the fifteen seats on the U.N. Security Council are held by rotating members serving two-year terms. We find that a country’s U.S. aid increases by 59 percent and its U.N. aid by 8 percent when it rotates onto the council. This effect increases during years in which key diplomatic events take place (when members’ votes should be especially valuable) and the timing of the effect closely tracks a country’s election to, and exit from, the council.
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Really corruption is a big issue now a day. Every body has forgotten his moral rules of life. So I think we should take a hard decision against these people if we want to grow by leaps and bounds.
Stuart
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