I think you to be careful using the word corruption because judging



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送交者: skipper3 于 2005-6-22, 21:41:02:

回答: market is efficient 由 jiangzhaiwai 于 2005-6-22, 20:22:17:

whether someone is corrupted can be subjective. I suggest you use "lack of transparency" instead. As you said the market is efficient. But an efficient market must be built on several foundations, one of them is free flow of information. So at least in theory the open market reform will force government and corporations to be more transparent in their governance, therefore eventually will reduce corruption.



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