Saturday, March 24, 2012

10 Most Corrupted Countries in the World

Corruption is a big problem across the world and here are 10 most corrupt countries in the world that The Daily Beast named. Surprisingly India hasn’t made it to the list.


1. Uzbekistan:


Topping the corruption list is Uzbekistan. It is one of the fastest growing countries in Central Asia. Its economy relies mainly on production of cotton, gold, uranium, potassium, natural gas and petroleum. However, corruption and bureaucracy remains a major hurdle for further expansion. In spite of strong GDP growth rates, more than 40 percent of the population lives below poverty line.


The Corruption Index of Uzbekistan is 89.6 out of 100. On other factors, out of a total of 10 the rating is as follows-Public Perception of Corruption is 8.4, the Corruption of the Press is 9.4, Political Rights Corruption and Civil Liberties Corruption is 10 each and Business Disclosure Opacity is 7.


 


2. Eritrea:


Eritrea ranks second on the world’s most corrupt country list. It is a small economy in the Horn of Africa. Its output is based on subsistence agriculture, with 80 percent of the population involved in farming and herding. The economy is dependent on worker remittances from abroad which constitute more than 30 percent of GDP. Yet pervasive corruption continues to erode the foundations of economic freedom.


Eritrea has a Corruption Index of 87.8 out of 100.Its Public Perception of Corruption is rated 7.5, Corruption of the Press is 9.4, Political Rights Corruption and Civil Liberties Corruption is 10 each and Business Disclosure Opacity is 7.




3. Laos:


Ranking third on the list is Laos. It is a single-party socialist republic and is a member of the Asia-Pacific Trade Agreement (APTA) and Association of Southeast Asian Nations (ASEAN).


The Corruption Index in Laos is 87.8, while the Public Perception of Corruption is 7.8 and Corruption of the Press is rated 8.5. The Political Rights Corruption is rated 10, Civil Liberties Corruption is rated 8.6 and Business Disclosure Opacity is rated 9.


 


4. Afghanistan


Afghanistan ranks fourth on the list. It is one of the poorest countries in the world, and the last few decades of war have gravely disrupted its mainly agricultural economy. Moreover "transparent" is not an apt description of the general business culture of Afghanistan as corruption and collusion between government and business is believed to be commonplace. The businesses there negotiate a maze of bribes, taxes and murky government requirements.


The Corruption Index is 86.3. The Public Perception of Corruption is 8.5, Corruption of the Press is rated 7.5, Political Rights Corruption and Civil Liberties Corruption is 8.6 each. The Business Disclosure Opacity is rated 10.




5. Equatorial Guinea:


Equatorial Guinea is a small country off West Africa and ranks fifth on the list.


The Corruption Index of Equatorial Guinea is 84.2 out of 100. The ratings on factors like Public Perception of Corruption, Corruption of the Press, Political Rights Corruption, Civil Liberties Corruption and Business Disclosure Opacity is 8.1, 9, 10, 10 and 5 respectively.


 


6. Belarus:


Belarus ranks sixth on the corruption list and has a Corruption Index of 83 out of 100.


The Public Perception of Corruption is rated 7.6, Corruption of the Press is 9.3, Political Rights Corruption is rated 10, Civil Liberties Corruption is 8.6 and Business Disclosure Opacity is 6.
















7. Democratic Republic of Congo:


Democratic Republic of Congo is located in Central Africa and it ranks seventh on the list as it sees a high rate of corruption.


The Corruption Index of Democratic Republic of Congo is 82.5. Its Public Perception of Corruption is rated 8, Corruption of the Press is 8.1, Political Rights Corruption is 8.6, Civil Liberties Corruption is 8.6 and Business Disclosure Opacity is 8.


 




8. Swaziland:


Swaziland is a small country and the Corruption Index of Swaziland is 81.3. It ranks eighth on the corruption list.


The Public Perception of Corruption is 6.9, Corruption of the Press is rated 7.6, Political Rights Corruption is 10, Civil Liberties Corruption is 7.2 and Business 









 



9. Iran:


Iran takes the ninth position on the list with a Corruption Index of 79.1.


Its Public Perception of Corruption is rated 7.3, Corruption of the Press is rated 9.1, Political Rights Corruption and Civil Liberties Corruption is 8.6 each, while Business Disclosure Opacity is rated 6 on a scale of 10.


 








10. Ethiopia:


Ethiopia takes the tenth position on the corruption list.


The Corruption Index of Ethiopia is 78.5. The country’s Public Perception of Corruption is 7.3, Corruption of the Press is 7.8, Political Rights Corruption is rated 8.6, Civil Liberties Corruption is 8.6 and Business Disclosure Opacity is 7.









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