In fact, World Corruption is increasing.
According to our exclusive calculations, world corruption accounts for about $700 billion. This figure is twofold the entire African GDP (316 billions). It is a massive phenomena and a real cancer destroying the benefits of globalization in many poor countries.
It is a massive phenomenon and a real cancer destroying the benefits of globalization in many poor countries.
According to our calculations, grand corruption should account for about $300 billions. On this amount, $90 billion are related to high income countries. In these countries the petty corruption does not exist. Corruption is only linked to the public investments and notably the military establishment.
-East Asia and Pacific from 5 to 10%: The increase is justified because of the rapid growth of China which is reported as a grand corruption place.
-Europe and central Asia from 5 to 15%: This entire region represents the former soviet Union. The nomenklatura has captured the main assets through false privatizations.
-Middle East and North Africa from 10 to 15%: The oil for food program and the wealth of Arafat are some good examples of the evolution in this region.
-High income countries: The increase has been calculated in relation with the evolution of military expenses (USA) and public investments.