In fact, World Corruption is
increasing.
According to our exclusive
calculations, world corruption accounts for about $700 billion. This
figure is twofold the entire African GDP (316 billions). It is a massive phenomena and a
real cancer destroying the benefits of globalization in many poor
countries.
It is a massive
phenomenon and a real cancer destroying the benefits of globalization in many poor
countries.
According to our calculations,
grand corruption should account for about $300 billions. On
this amount, $90 billion are related to high income
countries. In these countries the petty corruption does not exist.
Corruption is only linked to the public investments and notably the military
establishment.
-East Asia and Pacific from 5
to 10%: The increase is justified because of the rapid growth of China
which is reported as a grand corruption
place.
-Europe and central Asia from 5 to
15%: This entire region represents the former soviet Union. The
nomenklatura has captured the main assets through false
privatizations.
-Middle East and North Africa
from 10 to 15%: The oil for food program and the wealth of Arafat are
some good examples of the evolution in this
region.
-High income countries:
The increase has been calculated in relation with the evolution of
military expenses (USA) and public investments.
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