World’s Poor Hard Hit By Bribery
June 4, 2009 Leave a Comment
A global survey has revealed that the impact of the ongoing financial crisis has increased people’s fears of corruption among private companies and that most people believe private firms paid bribes to influence public policy, laws and regulations.
Transparency International (TI) said 53% of 73,000 respondents from 69 countries polled for 2009 Global Corruption Barometer now saw the private sector as being corrupt, up from 45% in 2004. However, respondents said political parties were the most corrupt bodies.
In roughly a fifth of the countries and territories surveyed, including countries home to some of the world’s major financial centers, such as Hong Kong, Luxembourg and Switzerland, respondents identified the private sector as the most corrupt institution. Read more of this post
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