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The financial cost of corruption has recently been estimated at more than 5 per cent of global GDP. Yet, despite the widespread agreement that corruption is one of the most pressing policy challenges facing world leaders, it remains as widespread today, possibly even more so, as it was when concerted international attention began being devoted to the issue following the end of the Cold War. In reality, we still have a relatively weak understanding of how best to measure corruption and how todoi:10.1017/s0143814x14000099 fatcat:bftzff62xfhijp4c46pjs4lnoe