Daily News Analysis

Global Bribery Risk Ranking  

19th November, 2021 Polity

 

Figure 1: No Copyright Infringement Intended

Context:

  • Recently, Bribery Risk Matrix 2021 was released by TRACE, an anti-bribery standard setting organisation.

Details :

  • North Korea, Turkmenistan, Venezuela and Eritrea pose the highest commercial bribery risk.
  • Denmark, Norway, Finland, Sweden and New Zealand present the lowest bribery risk.
  • India has slipped to 82nd position in 2021, five places down from 77th rank last year.
  • India fared better than its neighbours – Pakistan, China, Nepal and Bangladesh.
  • Bhutan, meanwhile, secured 62nd rank.
  • over the past 10 years, the business bribery risk environment worsened significantly in countries that also experienced democratic backsliding: Egypt, Venezuela, Turkey, Poland and Hungary.
  • From 2020 to 2021, all of the Gulf Cooperation Council (GCC) countries saw an increase in commercial bribery risk. 

 

About the Matrix:

  • It measures business bribery risk in 194 countries, territories, and autonomous and semi-autonomous regions.
  • Parameters:
    • business interactions with the government,
    • anti-bribery deterrence and enforcement,
    • government and civil service transparency,
    • capacity for civil society oversight
  • It was originally published in 2014 to meet a need in the business community for more reliable and nuanced information about the risks of commercial bribery worldwide.
  • It aggregates relevant data obtained from leading public interest and international organisations, including the United Nations, World Bank, V-Dem Institute at the University of Gothenburg and World Economic Forum.