Magazine article Risk Management

Bribes around the World

Magazine article Risk Management

Bribes around the World

Article excerpt

In order to assess the spread of corruption throughout the world, Transparency International, a Berlin-based anticorruption watchdog, issued its Global Corruption Barometer, a survey of more than 73,000 people in 69 countries and territories. Researchers found that political parties and civil service were considered the most corrupt sectors, while the private sector was perceived to be corrupt by more than half of those interviewed-an increase of 8% from 2005 results. Though corruption is present throughout the world, it is considered to be an epidemic in some regions. One of the questions the study asked was, "Have you or anyone living in your household paid a bribe in any form? "The following illustrates the number of people who answered "yes."

LIBERIA 87%

By far the most corrupt nation surveyed, Liberia has a history of dishonesty from politicians to police--and everywhere in between. Africa as a whole has long fought a losing battle with corruption. Barack Obama addressed the issue during a speech in Ghana, saying, "no country is going to create wealth if its leaders exploit the economy to enrich themselves." Though Liberia started its own Corruption Watch website, the issue remains an epidemic.

COLOMBIA 8%

Colombia fares better than most South American countries when it comes to corruption. This may be due in part to the OECD's anticorruption program that aims to not only combat corruption but to "promote integrity in Latin America." The study found that smaller businesses are more susceptible to corruption than larger, more-established ones. …

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