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kleptocracy

kleptocracy   Quick reference

A Dictionary of Economics (5 ed.)

Reference type:
Subject Reference
Current Version:
2017
Subject:
Social sciences, Economics
Length:
40 words

...kleptocracy Literally ‘rule by thieves’. A pejorative term for a government engaged in corruption and embezzlement to increase the personal wealth of government officials. Kleptocracy is characterized by widespread misappropriation of public funds for the benefit of the ruling...

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