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BW Businessworld

The Fall From Grace

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Two of the oldest civilisations in the world are amongst the more corrupt nations in today’s age. Transparency International, the global civil society organisation, published its Corruption Perceptions Index (CPI) 2012 on 5 December, and Greece and India are both ranked at number 94 along with Colombia and Swaziland. The CPI was introduced in 1995. Last year, India was ranked 95th out of 176 countries, so despite the many scams and scandals there has been a marginal improvement. Or maybe the others have just got worse. Greece certainly has. Last year, it was ranked 80th.

So has Italy, for that matter, coming in at 72nd this year. Ireland, Portugal and Spain also dropped in the rankings; the global crisis, it appears, has had a rather adverse effect on public probity. Oh, Denmark, Finland and New Zealand topped the rankings this year, and even the United States improved its position from 24th in 2011 to 19th in 2012.It seems that our institutions have failed us.

(This story was published in Businessworld Issue Dated 17-12-2012)