NEW: COUNTERING GLOBAL KLEPTOCRACY
A US strategy for fighting authoritarian corruption—and the most comprehensive counter-kleptocracy policy study yet.
70 recommendations for @Transition46 and 117th Congress.
Preface by @SenWhitehouse.
— Kleptocracy Initiative (@KleptocracyIntv) January 12, 2021
Kleptocracy, or “rule by thieves,” has for too long been disregarded from mainstream foreign policy discussions, according to a new report. It is often overlooked as a peripheral economic development issue: A problem for tax justice advocates and foreign aid workers. Yet it has been shaping international politics and the global security environment for decades, analysts Nate Sibley and Ben Judah in a new policy paper from Hudson Institute’s Kleptocracy Initiative.
Kleptocracy is a blight on international development, governance and democracy, vastly worsening conditions for populations worldwide. The Biden-Harris administration will have an unprecedented opportunity—and a unique responsibility—to confront this pervasive threat with decisive action, they write in Countering Global Kleptocracy: A New US Strategy for Fighting Authoritarian Corruption:
This chance comes not come a moment too soon. Since the end of the Cold War, corruption has metastasized beyond national borders into a problem of almost unimaginable scale. The United Nations has estimated that $1 trillion are paid in bribes and a further $2.3 trillion otherwise stolen annually.1 Global Financial Integrity, a Washington-based think tank, cites corruption as a key factor in $8.7 trillion that vanished from official records of trade between 135 developing countries and 36 advanced economies from 2008-2017.2
1/19/21: Join @mikercarpenter @abigail_bellows @b_judah @NateSibley for the launch of KI’s latest report, Countering Global Kleptocracy—and discuss America’s fight against corruption under a @JoeBiden administration. https://t.co/DQLpqY5ASV
— Kleptocracy Initiative (@KleptocracyIntv) January 14, 2021