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Showing posts with label forbes. Show all posts
Showing posts with label forbes. Show all posts

2008-01-22

FORBES: MOST CORRUPT NATIONS

Forbes magazine released a list of the world's most corrupt countries for this year. The list appears to be tied more to human rights violation than business freedom. This list is not to be confused with the ease of doing business list. In the past I have discussed the limitations of cross-country comparisons, so reports like this ought to be taken with a pinch of salt. Though the relationship between corruption and economic growth often appear to be weaker in the literature than one would expect it to be. However it is safe to conclude that all the countries on this list will have to put in some more effort at cleaning their acts up. African countries were well represented on the list and Nigeria came in at #18.


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