Meet the economic gangster. He's the United Nations diplomat who
double-parks his Mercedes on New York City streets at rush hour
because the cops can't touch him--he has diplomatic immunity. He's
the Chinese smuggler who dodges tariffs by magically transforming
frozen chickens into frozen turkeys. The dictator, the warlord, the
unscrupulous bureaucrat who bilks the developing world of billions
in aid. The calculating crook who views stealing and murder as just
another part of his business strategy. And, in the wrong set of
circumstances, he might just be you.
In "Economic Gangsters," Raymond Fisman and Edward Miguel take
readers into the secretive, chaotic, and brutal worlds inhabited by
these lawless and violent thugs. Join these two sleuthing
economists as they follow the foreign aid money trail into the
grasping hands of corrupt governments and shady underworld
characters. Spend time with ingenious black marketeers as they game
the international system. Follow the steep rise and fall of stock
prices of companies with unseemly connections to Indonesia's former
dictator. See for yourself what rainfall has to do with witch
killings in Tanzania--and more.
Fisman and Miguel use economics to get inside the heads of these
"gangsters," and propose solutions that can make a difference to
the world's poor--including cash infusions to defuse violence in
times of drought, and steering the World Bank away from aid
programs most susceptible to corruption.
In a new postscript, the authors look at how economists might
use new tools to better understand, and fight back against,
corruption and violence in the aftermath of the 2008 financial
crisis. Take an entertaining walk on the dark side of global
economic development with "Economic Gangsters."
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