Russia, China Most Likely to Bribe
Looking to get a bribe from a foreign company? Ask companies from Russia and China. A new study shows that companies from these two growing economies are the most likely to pay bribes in foreign countries, according to a survey by Transparency International (TI). Mexico, currently bogged down in drug cartel violence, came was third from the bottom.
The anti-corruption NGO asked 3,016 business executives about the perceptions of bribes being paid by companies in 28 countries, including all the G20 countries. In the resulting 2011 Bribe Payers Index, Russia and China fell at the bottom of the list, while Switzerland and the Netherlands scored best.
“It is of particular concern that China and Russia are at the bottom of the index,” the report authors noted, saying that their rising role in global markets, especially with Russian investments in oil and gas industries and Chinese investments in mining and infrastructure in Africa.
However, TI is quick to point out that none of the countries are “wholly clean of bribery.” Moreover, other than India, there were few improvements since the last survey was taken in 2008, despite growing anti-bribery legislation globally.