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
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
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24
US House Prices Trend Forecast 2024 to 2026 - 11th Oct 24
US Housing Market Analysis - Immigration Drives House Prices Higher - 30th Sep 24
Stock Market October Correction - 30th Sep 24
The Folly of Tariffs and Trade Wars - 30th Sep 24
Gold: 5 principles to help you stay ahead of price turns - 30th Sep 24
The Everything Rally will Spark multi year Bull Market - 30th Sep 24
US FIXED MORTGAGES LIMITING SUPPLY - 23rd Sep 24
US Housing Market Free Equity - 23rd Sep 24
US Rate Cut FOMO In Stock Market Correction Window - 22nd Sep 24
US State Demographics - 22nd Sep 24
Gold and Silver Shine as the Fed Cuts Rates: What’s Next? - 22nd Sep 24
Stock Market Sentiment Speaks:Nothing Can Topple This Market - 22nd Sep 24
US Population Growth Rate - 17th Sep 24
Are Stocks Overheating? - 17th Sep 24
Sentiment Speaks: Silver Is At A Major Turning Point - 17th Sep 24
If The Stock Market Turn Quickly, How Bad Can Things Get? - 17th Sep 24
IMMIGRATION DRIVES HOUSE PRICES HIGHER - 12th Sep 24
Global Debt Bubble - 12th Sep 24
Gold’s Outlook CPI Data - 12th Sep 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