Abstract
The gradual establishment of an international mechanism to review and prosecute allegations of corruption could help to deter fraudulent conduct. Fraudulent conduct often reduces the economic benefits associated with large-scale development or investment projects. These projects are generally awarded through contract bidding; the bidding outcome may be dictated by bribery and other corrupt behaviors by local officials overseeing the project. The money earmarked for the project may in turn be siphoned off to the bribe recipients for private gain, leaving citizens unable to appreciate the fruits of any such project. For this reason, reducing corruption should remain a key priority. Many national jurisdictions have a vested interest in reducing corruption, yet lack the capacity and political stability to reduce corruption through domestic efforts. International efforts to reduce corruption, as evidenced by previous attempts at developing new, topic-specific, stand-alone international courts, have also been insufficient. Mindful of the mixed results of previous anti-corruption efforts, this Article proposes a new anti-corruption framework, based upon a hybrid, multi-phased approach. The approach is pragmatic, flexible, cost-effective, and realistic.
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