While Africa is too often regarded as lying on the periphery of the global political arena, this is not the case. African nations have played an important historical role in world affairs. It is with this understanding that the authors in this volume set out upon researching and writing their chapters, making an important collective contribution to our understanding of modern Africa. Taken as a whole, the chapters represent the range of research in African development, and fully tie this development to the global political economy. African nations play significant roles in world politics, both as nations influenced by the ebbs and flows of the global economy and by the international political system, but also as actors, directly influencing politics and economics. It is only through an understanding of both the history and present place of Africa in global affairs that we can begin to assess the way forward for future development.

The new political economy; Development in the perspective of political economy; Problems and policies of development; Measures and models for development; The political economy of education and employment; The political economy of economic policy.

The recently-adopted OECD convention outlawing bribery of foreign public officials is welcome evidence of how much progress has been made in the battle against corruption. The financial crisis in East Asia is an indication of how much remains to be done. Corruption is by no means a new issue but it has only recently emerged as a global issue. With the end of the Cold War, the pace and breadth of the trends toward democratization and international economic integration accelerated and expanded globally. Yet corruption could slow or even reverse these trends, potentially threatening economic development and political stability in some countries. As the global implications of corruption have grown, so has the impetus for international action to combat it. In addition to efforts in the OECD, the Organization of American States, the World Trade Organization, and the United Nations General Assembly, the World Bank and the International Monetary Fund have both begun to emphasize corruption as an impediment to economic development. This book includes a chapter by the Chairman of the OECD Working Group on Bribery discussing the evolution of the OECD convention and what is needed to make it effective. Other chapters address the causes and consequences of corruption, including the impact on investment and growth and the role of multinational corporations in discouraging bribery. The final chapter summarizes and also discusses some of the other anticorruption initiatives that either have been or should be adopted by governments, multilateral development banks, and other international organizations.

The book analyses the background of corrupt practices in the annals of Nigerian political history from pre-colonial, colonial and post-colonial era down to the fourth democratic dispensation. The book also establishes a nexus between corruption and political economy in the Nigerian political theatre. Indeed, corruption undermines the rules of law, equity, transparency democratization and national development which breed poverty, insecurity and general underdevelopment among the populace. Meanwhile, the political economy approach and the theories of corruption and their application on Nigerian political economy is highlighted. The role of policy-makers and stakeholders with their policies and programmes on combating corruption is also analysed. Furthermore, the giant efforts of international organizations, civil society organizations (CSOs) and non-governmental organizations (NGOs) on combating the menace of corruption are also pointed out. The book serves as a guide to researchers on the subject matter and the freedom fighters with their anti-corruption crusade or mandates so as to proffer solutions to corrupt practices and scandals in Nigeria and beyond.

An examination and critique of the functionalist literature on corruption in the political administration of less developed countries (LDCs) indicate that its claims are without empirical foundation. Its theses with regard to the political, economic and administrative effects in most LDCs contrast with the facts. No benefits for development from corruption are found; market corruption, for example, does not appear to improve allocative efficiency. The erosion in a government's capacity to formulate and implement policies making for economic growth is an obstacle to economic progress.