Sunday, March 06, 2005

Corruption in Latin America

From the Christian Science Monitor:

The art of stealing in high places is well practiced in these countries. A 2003 survey by the World Economic Forum of business leaders found that seven of the 10 countries with consistently high measures of political corruption are in Latin America. And within the region, 90 percent of people in a UN survey said they believe graft is worsening; many see corruption as their nations' biggest problem.

Countries that effectively address corruption and improve the rule of law can quadruple their national incomes, the World Bank claims. Corruption's worst effects are a dangerous erosion in popular respect for democracy and a scaring off of foreign investors and traders.


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