How to deal with corruption in transitional and developing economies

Yasunobu Sato

Journal of Financial Crime, 2009, vol. 16, issue 3, 220-228

Abstract: Purpose - The purpose of this paper is to propose alternate dispute resolution (ADR) as a possible tool to prevent corruption. Design/methodology/approach - After the literature reviews on theory of corruption, the Pacific Consultants International (PCI) case of the Japanese prosecution is examined as a case study of Vietnam, based on some empirical research. Findings - The PCI executives were indicted and sentenced guilty on all counts and the Japanese Government has frozen Yen‐loan until the Vietnamese Government prosecutes the Vietnamese official. Research limitations/implications - This would be a tip of the iceberg. It would be difficult to find all the details of corruption at practice. Practical implications - For enhancing transparency in such informal practice, if it is inevitable, a special dispute processing panel should be established as a Japanese and Vietnamese joint venture as ADR. Originality/value - This is the first major case in which the Japanese Government, which was internationally criticised for its inaction despite adopting the international anti‐corruption regime, took action against the Japanese official development assistance‐related bribing case in Ho Chi Minh City.

Keywords: Corruption; Vietnam; Dispute resolutions; Business development; Development agencies (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:jfcpps:13590790910971775

DOI: 10.1108/13590790910971775

Access Statistics for this article

Journal of Financial Crime is currently edited by Dr Paul Gilmour

More articles in Journal of Financial Crime from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().