Home > Uncategorized > Corruption around the world

Corruption around the world

Here is a map of the world graded by levels of corruption. The league table is on the following link

http://www.worldaudit.org/corruption.htm

The top ten countries are not suprising, barring perhaps Singapore. The other factor that binds theses countries together is their economic success. Coincidence? Well it could be argued that Singapore has developed its power because of the lack of “corruption” (making it an appealing state for businesses) whereas similar economies have been left behind. Singapore certainly has it faults, but on this level it works

The UK and US seem to score good points whereas Italy lags behind Cuba, Namibia and Turkey. Suprising even given the reputation of certain segments of that economy

Also interesting is the high placings given to Uruguay and Chile. In stark contrast with other latin american countries such as Argentina (84). Russia is 117th, which is pretty disgraceful and those “rising superpowers” India and China are just half way down the list. China’s poor rating might suprise some who are not entirely familiar with business there. It didnt suprise me….

Of course India’s difficulties have been in the news recently and no cricket fan will be too suprised at Pakistans position (111)

A very interesting list and may I just suggest that a country credit risk list would more or less mirror these findings?

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Categories: Uncategorized
  1. Jonathan
    November 8, 2010 at 1:11 pm

    I guess it depends on how you define corruption. For the purposes of this comment I’m going to take the approach that applies to business to business transactions.

    In the UK we frown upon “consultation fees” and similar enhancements to business deals but in many countries it is an accepted part of closing a deal. In many cases it places an obligation upon the person accepting the “enhancement” to ensure that the deal completes exactly as initially agreed and makes it more concrete.

    There are fewer cancelled orders using this method so given that it is an accepted cultural ethos in many countries who are we to look down upon it?

    Jon

    • November 8, 2010 at 2:55 pm

      Good stuff Jon. But whilst this might secure orders, is it delivering ? Surely the purity of a transaction should not revolve around the security of the deal but around the best value

      Havent we seen huge sums spent on wasteful useless projects by administrations in certain countries, many of which are near the top of this list?

  2. Jonathan
    November 8, 2010 at 3:32 pm

    Oh I couldn’t agree more. I think we might be talking at cross purposes though, as I’m not talking about government contracts, more simple B2B commercial transactions.

    The debacle of aid funding and the associated shenanigans is a separate matter entirely. It seems that in many of those cases best value goes out of the window completely.

  3. November 9, 2010 at 11:51 am

    Agree. I am not at all sure how this survey is put together and whether it is really much more than a finger in the wind. It may be focused on b2b or maybe involves government. But how do they find and judge this stuff?!

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