How to Measure and Control Corruption

Abstract

Two aspects of the problem of corruption are discussed in the article. The first one concerns the evaluation of the level of corruption. The method of measuring the size of business corruption market is described. The specifics of its estimation as well as its relation with the main macroeconomic indexes are discussed. The second aspect regards the strategies of corruption reduction. The importance of establishing external control over the bureaucracy is noted. The failure of institutions transplantation as the main method of economic transformations is pointed out. The gaps in social knowledge are discussed, which decrease effectiveness of institutional borrowings.