Corruption in fast-growing markets: lessons from Russia and Vietnam

In this query we look at corruption in fast growing markets, using Russia and Vietnam as case studies. A survey of development literature reveals that in these two countries rapid economic growth has put substantial strain on institutional structures that were designed for a centrally planned command economy. The transition process has been characterised by the simultaneous restructuring of the state and building of the market economy which has opened up new avenues of corruption. Both countries have seen increases in administrative, political, judicial and private sector corruption in recent years.


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