Whole Network Most Recent TOP10 Entrepreneurship Innovation Private Equity Venture Capital

 

How Corrupt is China?

Filed in archive Law by Greg Cruey on September 28, 2007

Is China corrupt? Sure. But, how corrupt? The China Law Blog published a post today that looked at where China stood compared to other nations...

Of the 180 countries surveyed by Transparency International, China ranked 72nd. They were tied with India, Mexico, Brazil, and a couple of other countries in that spot with a "cleanness" score of just 3.5 on a scale of 0 to 10. China was somewhat more corrupt than Turkey (64th with a score of 4.1) and almost as corrupt as Saudi Arabia (79th with a score of 3.4) and Thailand (in a 10-way tie for 84th with a score of 3.3).

How Corrupt is China?


I think it's pretty easy to say that corruption is bad. It reduces competition and adds to the cost of doing business. It's harder sometimes to convince people that corruption is relative - which is to say that all countries seem to have some degree of corruption, since no one scored a perfect ten on the scale.

You can think of countries in terms of their ranking. The USA ranked 20th, making it less corrupt that 160 other countries. Switzerland ranked 8th. So only 11 countries are more corrupt than Switzerland and less corrupt than America. That's not a very big difference, is it?

You can also think of countries in this report in terms of their scores. Switzerland scored a 9.0 on a scale of 0 to 10. The USA scored a 7.2 - which perhaps makes the difference between 8th place and 20th place look a bit bigger...

The China Law Blog interpreted the scores as being tied to the economic health of a country. The better a country's economy, the lower their score and their ranking. About 75% of the world's countries scored a 5.0 of lower on the scale.

The least corrupt country on earth? It was a three-way tie between New Zealand, Denmark, and Finland (all with a score of 9.4). The most corrupt country in the world? Somalia and myanmarlinks tied for the lowest score: 1.4. They were just barely more corrupt than Iraq, whose score was 1.5 on the survey.


Advertisement


Permalink: How Corrupt is China?
Tags: china  corruption  transparency  international  2007  venture+capital  corrupt+china  china+venture 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/94270



Advertisement


Advertisement


CW ToolbarInstall
RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter
Advertisement - Book yours here.

Use our search feature to look for other interesting posts

Just this blog Whole network
  • ChinaVentureNews seeks news contributions



    If you are an analyst, tech company, private equity firm, service provider or entrepreneur with news to share related to China venture capital send us your relevant news release.

    CVN will post it to our site. We reserve the right to edit the copy because of space limitations, and to make summaries of the release when appropriate-- although a full copy of the release will always be linked to.

    Thank you!

    Please simply use our form here.
Advertisement -
Book yours here..


 
Advertisement
Book yours here.



  • Testimonials

  • 'Exactly what I am looking for.'

    "One of my favorite blogs."
  • Other blogs in the same channel in the Creative Weblogging Network

Advertisement -
Book yours here..






Advertisement - Book yours here..
 
Tagcloud: Agreement Blogs Book review Commodities Conferences Entrepreneurship Incubators and Science Parks Information Sources Innovation Internet IPOs Law M&A Mergers and Acquisitions News Outsourcing Policy Private Equity Sovereign Wealth Funds Sponsored Post Stocks Studies Technology Report Treatment VC and PE: education and training Venture Capital Yuan Renminbi