Ah, bribery
Transparency International is at it again. Explaining the economic and political costs of bribery.Russian and Chinese companies 'most likely to bribe'
Companies from Russia and China are most likely to pay bribes when doing business abroad, a survey suggests.
The two scored worst out of 28 countries in a poll of 3,000 business executives conducted by anti-corruption group Transparency International (TI).
The Netherlands and Switzerland came top, while the UK ranked eighth, just ahead of the US and France…
The report called for more international action to outlaw companies from paying bribes in foreign countries.
"G20 governments must tackle foreign bribery as a matter of urgency," said Huguette Labelle, chair of TI, who said that more resources must be dedicated to investigations and prosecutions.
Russia, which came bottom of the league, was seen by TI as a particularly challenging case.
"Unfortunately... there are no islands of integrity in Russian public and business life," said TI Russian director, Elena Panfilova…
Bribe-paying was seen as much more common by businessmen from countries whose governments were also considered to have the least integrity, according to a separate "corruption perceptions" survey carried out by TI last year.
The sector most affected by bribery was public procurement - where companies compete to win contracts from governments for everything from waste collection to road building…
TI said that paying bribes to win major infrastructure and housing projects "effectively cheats taxpayers out of their money" and can undermine safety standards…
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Labels: concepts, corruption, transparency
posted by Ken Wedding @ 5:41 AM
1 Comments:
I really like the approach of this study but I wonder if it reflects social behavior of particular nations. Some nations are "expressing" more willingly then others. On the other hand some nations could be more fed up with corruption than others as well, which could lead them to being more open about their frustrations then they would normally bee.
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