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Research abstract

"Market capitalism looks to regulated market economies and stable growth to expand and this in turn assumes states committed to economic liberalisation and the reduction in the barriers to trade. Such preconditions are assumed achievable through the promotion of democratisation...As agencies who espouse a strong ethical stance internationally, corruption has appeared to be a highly visible reform issue for them during the 1990s. In spite of - or because of - such attention, levels of corruption appear to continue to rise... and become more entrenched... This will force them to face the question of whether corruption may be an integral component of the model and whether they either confront the risks associated with it, or start to ignore corruption in favour of some wider agenda objectives that have less to do with international ethics and more to do with international realities of market capitalism."