LEAST CORRUPTED COUNTRIES OF THE WORLD
Added on: 22nd Oct 2015
UNITED ARAB EMIRATES
Although corruption is not very widespread, following the recent
financial crisis several cases of high profile fraud have come to
light and exposed areas that need work. While the government has
shown itself dedicated to reducing corruption, lack of transparency in the
judicial system along with several other issues have slowed progress.
In spite of this, public services are offered efficiently and in a manner
that has attracted large amounts of foreign investment.
BAHAMAS
While petty corruption with regards to business and daily life is relatively
low, political corruption is much higher. Transparency has been an issue
and public polls tend to show a general distrust of politicians and
political parties.
AUSTRIA
Although in general corruption is low, recent political scandals have
highlighted corruption in the government. Furthermore, unlike many
other nations on this list, facilitation payments are not
considered illegal.
URUGUAY
Following right on the heels of its South American partner, Uruguay has
made large strides in the past 15 years primarily due to its government’s
consistent commitment to becoming more transparent.
CHILE
In spite of recent political corruption scandals, Chile is still ranked as the
least corrupt nation in South America. As with most of the other
countries on this list, business and daily life are not impacted to
any notable extent by corruption.
UNITED STATES
Following the recent financial crisis, corruption in the financial sector
has received significant attention and political corruption has been a
long running issue. In spite of these setbacks, the United States
maintains extensive anti-corruption legislation and has a very
decentralized structure with states retaining a good amount of power.
IRELAND
Its corruption index is slightly lower than the average for Western Europe
and it has struggled in the recent past with both politicians and business
leaders being accused of corruption, fraud, and bribery. In recent years,
however, the situation has improved somewhat.
HONG KONG
Although it used to rank higher than Japan, USA, and the UK, the
Question of whether Hong Kong will be able to maintain its current
standards now that it is a part of China still remains.
BARBADOS
Ranked as the least corrupt Caribbean country, there are low levels of
bribery and fraud in the business sector and the government has
maintained commitments to provide efficient social and public services.
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