Paraguay : corruption, reform, and the financial system /
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| Imprint: | Washington, D.C. : International Monetary Fund, ©2005. |
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| Description: | 1 online resource (xiv, 117 pages) : illustrations |
| Language: | English |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12498041 |
| Summary: | Following some historical background, this paper describes how corruption is manifested in Paraguay. The paper distinguishes between factors that explain the growth performance of Paraguay since 1960 (where corruption does not directly enter as a significant factor) and factors that explain the relative level of income of Paraguay in the past 40 or 50 years compared with other countries. It then illustrates how Paraguay's weak institutions may have led to long-term growth below its potential. Finally, the authors briefly consider how Paraguay could improve its institutions. To the extent that prudent policies and the willingness to consider the adoption of international best practices will exert pressure for change in Paraguay, a gradual improvement of institutional quality will ensue, which is necessary for sustained long-run growth. |
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| Physical Description: | 1 online resource (xiv, 117 pages) : illustrations |
| Bibliography: | Includes bibliographical references. |
| ISBN: | 1451980353 9781451980356 9781452756400 1452756406 1462353258 9781462353255 1589064208 9781589064201 |