Corruption is a major issue in developing and developed nations, with the potential to stunt economic growth and scare away investment. Which major countries are perceived as the most corrupt?
Transparency International, a global organization that advocates against corruption, comes out with a Corruption Perceptions Index(CPI) every year. The index ranks 183 countries “according to their perceived levels of public sector corruption.” Transparency International has partnered with international organizations in the past, such as the United Nations,to fight corruption around the globe.
At the bottom of the most recent list are North Korea and Somalia — both received a score of 1, on a scale of 0 (highly corrupt) to 10 (very clean).
However, in order to focus on countries that governments and companies are more likely to do business in, we’ve taken Transparency International’s 2011 index and cross-referenced it with the nations in the top 100 when it comes to GDP per capita (according to numbers from the World Bank). The GDP per capita used in our list is derived from purchasing power parity,with GDP amounts in international dollars.
Click ahead to see 10 corruption hot spots among the large economies, all of which scored 2.5 and under on the 2011 Corruption Perceptions Index.
By Michelle Fox
Posted 22 February 2012