The Downside of Globalization: Corruption and the International Order

Based on prior estimates by the keynote presenter, the International Monetary Fund (IMF) reports that US$2 trillion is lost due to corruption and bribery every year, equaling to about 2 percent of the global GDP. The leaked Panama documents revealed how the international financial system enable the world’s rich and powerful to hide their wealth in tax havens. Corruption not only persists, its manifestations and form changes. What does the evidence show about trends in governance and corruption around the world? How costly is corruption and which manifestations pose a major threat nowadays? Is corruption in reality becoming “legalized” in international affairs? Are some sectors and regions particularly vulnerable, requiring special attention? What are the implications of the shift in global leadership on governance and corruption matters? Key-note speech: 'Governance and Corruption at a Crossroad?: Worldwide evidence and reflections for policy and leadership' Daniel Kaufmann, President and CEO of the Natural Resource Governance Institute(NRGI); non-resident Sr. Fellow, Brookings Institution, and member of the International Board, EITI Commentators: James Lynch, Deputy Director of the Defence & Security Programme (DSP), Transparency International Johan Engvall, Researcher, Swedish Defence Research Agency (FOI) Moderator: Mats Karlsson, Director, the Swedish Institute of International Affairs The event was organized in collaboration with Transparency International Sweden and funded by Riksbankens jubileumsfond. Link to pdf presentation: https://www.ui.se/globalassets/evenemang/2018/februari/d-kaufmann-stockholm-ui-lecture-feb-15-post.pdf