Corruption and the Competition for Power
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Bad News
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In several democratic countries, public officials sought oil money in part to finance their election campaigns. In Brazil and Nigeria, landslides of corruption followed, and billions of dollars in public funds were lost. National oil companies proved particularly susceptible to abuse. But it was not all bad news, as some democratic institutions proved their mettle. Electoral and judicial agencies worked as intended, and kept the perpetrators from enjoying their loot in peace. In the United States, the tactics were more subtle with oil companies spending handsomely on election campaigns, public advertising and lobbying.
2009 ◽
Vol 47
(4)
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pp. 551-573
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2005 ◽
Vol 8
(06)
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pp. 520-527
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