October 5, 2006


In global trade, wheels greased by greasing palms: A bribery index ranks India as the worst offender among leading exporters (Saurabh Joshi and Mark Sappenfield, 10/06/06, CS Monitor)

Corruption needs to be tackled "at least for the sake of reputation," says S.K. Agarwal of the India office of Transparency International (TI).

His group released its annual Bribe Payers Index this week. It found that Indian companies were more likely to give bribes while conducting business abroad than were companies from any of the world's other top 30 exporters, according to a survey of 11,000 businesspeople in 125 countries.

Corruption is a function of progress-resistant cultures, which India unfortunately has to a high degree.

Posted by Orrin Judd at October 5, 2006 4:38 PM
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