The Asian Infrastructure Investment Bank (AIIB) has enjoyed considerable success in its young life. The challenge going forward is to translate this resounding political success into operational effectiveness and sound strategy. Given the political dimensions of this new institution, it is also worth considering what it will mean for other MDBs like the World Bank and the ADB. There are large questions of political leadership in the multilateral “system” but also an array of issues on which the AIIB could help shape a new system-wide approach, whether defined by some division of labor among the MDBs or by introducing institutional innovations.
Corruption hurts life outcomes in a variety of ways. Economically, it diverts resources away from their most productive uses and acts like a regressive tax that supports the lifestyles of elites at the expense of everyone else. Corruption incentivises the best and the brightest to spend their time gaming the system, rather than innovating or creating new wealth. Politically, corruption undermines the legitimacy of political systems by giving elites alternative ways of holding onto power other than genuine democratic choice. It hurts the prospects of democracy when people perceive authoritarian governments to be performing better than corrupt democratic ones and undermines the reality of democratic choice.
The Church recognizes the wide interest in many of these topics. Recent research like the Joseph Smith Papers Project , has gathered more information than ever before about early Church doctrine and practice. The Gospel Topics pages are meant as a personal resource for members as they study and teach about the history and doctrine of The Church of Jesus Christ of Latter-day Saints. We live in a world where there is so much information available on every topic. And particularly in the age of the Internet, there are both good and bad sources of information. As a Church, it's important for us to research and provide official, reputable, historically accurate information about our history and doctrine.