Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

The Top 10 Most Corrupt and Clean Countries

Politics / GeoPolitics Nov 10, 2010 - 03:35 AM GMT

By: Global_Intel_Report

Politics

Best Financial Markets Analysis ArticleAfter recent reports that Afghan President Hamid Karzai and other government officials received bags of cash from Iran, it's no surprise that Afghanistan would be near the top of a ranking published last week of the most corrupt countries in the world.

The Corruption Perceptions Index from Transparency International, a nongovernmental organization based in Berlin and operating in 70 countries, ranked the Central Asian country second only to Somalia and tied with Myanmar for its perceived level of government corruption.


The annual CPI, first published by TI in 1995, aggregates results from 13 different surveys, though not all surveys cover all countries. The surveys used for the 2010 index took place between January 2009 and September 2010. Businesses often use the index to assess corruption risk in foreign countries.

The ranking of 178 countries, which goes from "highly corrupt" at 0 to "very clean" at 10, assigned a 1.1 to Somalia - the East African country where piracy is a way of life for many - and 1.4 to Afghanistan and Myanmar (the former Burma). At the "very clean" end of the scale, Denmark, New Zealand and Singapore tied for top honors with a score of 9.3. See tables at end.

"Nearly three-quarters of the countries surveyed scored less than 5," TI chairman Huguette Labelle said, "indicating a severe problem."

The United States, which ranked 19th "cleanest" in the 2009 index, slipped out of the top 20 this year, coming in at 22nd place. Other industrial countries in the Organisation for Economic Co-operation and Development also declined in the rankings or failed to improve.

For its part, Russia fell to 154th from 146th last year, putting it among the top 25 most corrupt countries and making it the most corrupt of the Group of 20 leading economies.

"With governments committing huge sums to tackle the world's most pressing problems, from the instability of financial markets to climate change and poverty, corruption remains an obstacle to achieving much-needed progress," Transparency International said in its report.

The group urged countries to renew efforts to adhere to the UN Convention Against Corruption, which became effective in 2005 and legally binds it 140 state signatories (including Afghanistan) to specific anti-corruption measures.

In addition, TI said that its assessment of the 36 industrialized countries party to the OECD anti-bribery convention indicated that as many as 20 show little or no enforcement of the rules, "sending the wrong signal about their commitment to curb corrupt practices."

TOP 10 MOST CORRUPT COUNTRIES

Rank Country Score
178 Somalia 1.1
176 Afghanistan 1.4
176 Myanmar 1.4
175 Iraq 1.5
172 Uzbekistan 1.6
172 Turkmenistan 1.6
172 Sudan 1.6
171 Chad 1.7
170 Burundi 1.8
168 Equatorial Guinea 1.9
168 Angola 1.9

TOP 10 'CLEAN' COUNTRIES

Rank Country Score
1 Denmark 9.3
1 New Zealand 9.3
1 Singapore 9.3
4 Finland 9.2
4 Sweden 9.2
6 Canada 8.9
7 Netherlands 8.8
8 Australia 8.7
8 Switzerland 8.7
10 Norway 8.6

Data source: Transparency International Corruption Perceptions Index 2010

By Global Intelligence Report Analysts

Source: http://www.globalintelligencereport.com/categories/Professional-Level-1

The global Intelligence Report is a Private news & Intelligence service for sophisticated news consumers, investors and energy market participants. Our breaking stories are often ahead of the mainstream media and our reports do a lot more than just deliver the news. To find out more please visit: www.GlobalintelligenceReport.com

© 2010 Copyright Global Intelligence Report - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in