China and India have had very good growth performance in the last two decades. Both countries have made significant improvements in standards of living. In the case of India the Gini coefficient is relatively speaking low. Yet both countries, especially India, are far from being considered as paragons of virtuous honest governance. Are we missing something?
More broadly, can you construct a model and theory of corruption with robust explanatory and predictive powers and amenable to rigorous empirical validation? If yes, then it could guide the allocation of resources of the world bank.