Numbers Don't Lie

Tuesday, February 14, 2006

The corruption of nations

Nearly 50% of the world's nations are corrupt -- according to the Transparency International and a German-based think tank at the University of Passau.
"In some nations, the corruption is as basic as greasing the palms of the village police chief to let a bar stay open an hour past the regular closing time, or paying off a telephone company clerk to expedite installation of a phone line. In other cases, corruption means millions in payoffs, often to secret foreign-bank accounts, where development funds are siphoned that should have been used to expedite roads, schools, bridges or basic health and sanitary facilities designed to improve the lives of their people. "
However, there is doubt that corruption causes great harm to national economies, reports Jakob Svensson, an economist at the World Bank and Stockholm University. "China has been able to grow fast while being ranked among the most corrupt countries," Svensson notes.
Harvard University's Samuel Huntington argued that briberty and other shady practices have a bright side, helping firm operate efficiently in countries hampered by heavy-handed bureaucracies.
Source: "Eight Questions About Corruption", Journal of Economics Perspectives", Summer 2005.

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3 Comments:

Blogger neysaruhl said...

I just have to say that I thoroughly enjoy reading your statistics. I actually quoted you on my site. I loved the statistic on websites and how users take 0.05 seconds to decide whether to stay or not. Extremely interesting stuff.

There is a joke I always say to the statisticians of the world ... Did you know that 67 (or any number)% of all statistics are made up on the spot?

Somehow you make statistics interesting to the average person and I just thought you should know. I hope you don't mind, but I put a link to your blog from mine. If you would like me to remove it, please let me know.

11:50 AM

 
Blogger Borna said...

ALL the worlds nations are corrupt... the only difference is to what degree.

5:17 AM

 
Anonymous Sam said...

In fact, the former description of corruption may instead be considered to be integral to the informal economy of a country:

http://en.wikipedia.org/wiki/Informal_economy

5:44 AM

 

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