Companies in developing countries give USD40 billion as bribes to corrupt politicians and government officials yearly
That’s according to the Global Corruption Report 2009 published by Transparency International.
Others observations in the report include the following:
- Malaysia placed 47th among 180 nations – meaning 47th least corrupt country, with a 2008 CPI score of 5.1
- Denmark, New Zealand and Sweden jointly topped the list with a 2008 CPI score of 9.3
- Singapore is the only Asian country in the top 10, placing 4th with a 2008 CPI score of 9.2
- almost half of companies who responded admitted to handing out bribes or knowing someone who did, mostly to get around inconveniences
- corruption is most rampant in developing and transition countries
- in Malaysia, corruption is number 2 obstacle against doing business
Having read all that, I wonder if Eagle Creek luggage would still consider opening a branch in the country…
