Transparency International’s corruption index kills Russia’s image
Corruption, bribery and nepotism are the three pillars on which some modern economies are being based. The well known Berlin based anti-corruption watchdog, Transparency International (TI), has come out with its annual Corruption Perception Index (CPI) to measure corruption on a scale of 0 [zero being the lowest rate of corruption] to 10. Expectably, poor countries like Somalia and Burma lie at the bottom of the table close to a perfect ten. Whereas small trouble-free and rich democracies of Western Europe like Denmark and Sweden lie at the top.
Another BRIC nation Brazil is placed somewhere in the middle of the table, at a mediocre – though relatively better – 62 [up from 70 last year]. Brazil could have scored magnificently better, but last year’s corruption charge –the ‘mensalao’ episode – where President Lula’s Worker Party is alleged to have bribed lawmakers in return for their support to the party in the lower house of the Parliament, played spoilsport!
Corruption, bribery and nepotism are the three pillars on which some modern economies are being based. The well known Berlin based anti-corruption watchdog, Transparency International (TI), has come out with its annual Corruption Perception Index (CPI) to measure corruption on a scale of 0 [zero being the lowest rate of corruption] to 10. Expectably, poor countries like Somalia and Burma lie at the bottom of the table close to a perfect ten. Whereas small trouble-free and rich democracies of Western Europe like Denmark and Sweden lie at the top.
Another BRIC nation Brazil is placed somewhere in the middle of the table, at a mediocre – though relatively better – 62 [up from 70 last year]. Brazil could have scored magnificently better, but last year’s corruption charge –the ‘mensalao’ episode – where President Lula’s Worker Party is alleged to have bribed lawmakers in return for their support to the party in the lower house of the Parliament, played spoilsport!
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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