Wednesday, November 17, 2004

Corruption Perception

Transparency International (TI) has assessed the nations of the world in 2004, how corrupt their public figures and politicians are perceived to be, and recently released their findings [PDF]. The results are a measure of human greed and abuse of power -- 106 out of 146 countries scored less than 5 out of 10 on the index -- 60 countries scored less than 3 out of 10, indicating rampant corruption -- and the worst countries of all, scoring less than 2 out of 10: Bangladesh, Hati, Nigeria, Chad, Myanmar, Azerbaijan and Paraguay. Why is corruption bad? It's devastating to countries, as wealth is stolen from the local economies. TI estimates that $400 billion US is lost every year to corruption. Imagine if that money was reinvested into local economies what a difference it would make. For the curious, Canada ranks number 12 -- right behind the UK. The number one spot is held by Finland. USA ranks number 17.
  • For a comprehensive report on global corruption, check out TI's Global Corruption Report.
  • [Thanks for the link Darren.]

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