What's the Most Corrupt Country in the World?

, Corporate Counsel

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Nigeria, Angola and Yemen are the countries with the highest risk of bribery, according to a report released today from the anti-bribery group TRACE International.

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What's being said

  • Michelle J. Rozovics

    I question the value of these results for countries such as Yemen and South Sudan, which are engulfed in tribal conflicts and civil wars. The TRACE Matrix has far more utility when examining risks in countries which (like Nigeria, Angola, Guinea & Cambodia) lack infrastructure and regulatory frameworks, but entice trade with their cheap labor or abundant natural resources. While I have no doubt that ALL of the "riskiest" countries have extremely high rates of bribery, there are, perhaps, others with a higher practical risk than Yemen of bribery occurring, since Yemen has been involved in a civil war since the Fall of 2014, when Houthi militant groups and forces loyal to ex-President Ali Adallah Salleh seized control of government institutions and sent the Hadi government into exile in Saudi Arabia. The country then descended into civil war. ex-President Ali Adallah Salleh seized control of government institutions and sent the Hadi government into exile in Saudi Arabia. The country then descended into civil war. This makes trade prospects with Yemen extremely poor. In the Fall of f2013, I spent 2 weeks lecturing to the commercial law and appellate court justices in Yemen, advising them about the international commercial law norms so Yemen could prepare for the next phase of its global development, where issues such as anti-bribery laws, intellectual property, sales contract enforcement and arbitration awards had meaning. I expect all of the persons I had contact with in 2013 have either been removed from their positions in the opposition government, or been rendered ineffective. My Yemeni contacts report widespread fear and unemployment, and business prospects (whether for foreigners or Yemenis) seem few. International trade and global contracts are not really a priority when you are just trying to survive a civil war. The TRACE Matrix regarding bribery may accurately measure the likelihood of bribery risk by examining the four key conditions that allow public sector corruption to flourish, but this has little practical meaning for Yemen today because that country has little hope of measurable international investment until the political situation becomes more stable.

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