Despite strong growth rates, the perception of corruption is on the rise in many emerging economies, especially BRICS countries, Transparency International’s annual Corruption Perception Index revealed Wednesday.
According to the survey, the perception of corruption in China is up from last year. Its score fell by 4 points to 36 out of a possible 100, marking one of the largest drops of any country in the index. Brazil, with an index score of 43, battles persisting large money laundering schemes to bribe politicians; India’s low score of 38 highlights the entrenched culture of political corruption and use of secret bank accounts. Russia is the lowest ranked of all BRICS nations at 27, while South Africa is the highest ranked at 44.
Transparency International’s index is the most consulted by investors looking to expand their businesses in emerging economies, Frank Brown, value chain leader at the Center for International Private Enterprise, told Devex prior to the launch of the ranking.
About the author
Claire Luke
Claire is a journalist passionate about all things development, with a particular interest in labor, having worked previously for the Indonesia-based International Labor Organization. She has experience reporting in Cambodia, Nicaragua and Burma, and is happy to be immersed in the action of D.C. Claire is a master's candidate in development economics at the George Washington Elliott School of International Affairs and received her bachelor's degree in political philosophy from the College of the Holy Cross.