By YVONNE T. CHUA, VERA Files
(Infographics sourced from OECD report)
Contrary to popular belief, corruption isn’t the scourge solely of developing countries like the Philippines.
In fact, two-thirds of bribes paid by businesses to foreign public officials took place in countries with medium to very high human development index, including the most developed economies, says a report by the Organization for Economic Cooperation and Development (OECD) on foreign bribery released Tuesday.
“Bribes are being paid across sectors to officials from countries at all stages of economic development,” according to the OECD Foreign Bribery Report, the first of its kind.
The report analyzed 427 foreign bribery cases law enforcers in 17 countries have successfully concluded since the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions came into force on Feb. 15, 1999.
Forty-one states have signed the convention, which makes bribery in internationalRead More »from PH among Asian countries listed in OECD foreign bribery report