Americans getting worse, we better! - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Americans getting worse, we better!

Apr 16, 2007

Sounds unusual, right? Read further. According to the annual survey by the Berlin-based organization Transparency International, Finland, Iceland, and New Zealand are perceived to be the world's least corrupt countries, and Haiti is perceived to be the most corrupt.

The index defines corruption as "the abuse of public office for private gain and measures the degree to which corruption is perceived to exist among a country's public officials and politicians." Ask us!

Only 163 of the world's 193 countries are included in the survey, due to an absence of reliable data from the remaining countries (heights of corruption!). The scores range from ten (squeaky clean) to zero (highly corrupt). A score of "5" is the number Transparency International considers the borderline figure distinguishing countries that do and do not have a serious corruption problem.

Now read the unusual! India is one of the countries that have significantly improved their rating since the 2005 index. The other improvers are Algeria, Czech Republic, Japan, Latvia, Lebanon, Mauritius, Paraguay, Slovenia, Turkey, Turkmenistan, and Uruguay.

By the way, India is ranked 74 out of 163. Not bad!

However, the world's richest democracy, the US, alongwith Brazil, Cuba, Israel, Jordan, Laos, Seychelles, Trinidad and Tobago and Tunisia have a significantly worse rating since 2005.

Important statistic - total number of politicians in India, including the ones out of power, is around 2 lacs. Add the bureaucrats (the ubiquitous babu), who are in a ratio of around 5:1, i.e., 5 babus for each neta, and the Indian population most close to corruption is around 12 lacs. That's still 0.1% of our pupolation, or 1 per 900 people (If population was an industry (it still is), there would have been a huge potential to grow!).

Wonder if there's a correlation between the levels of corruption in a country and its economic growth. If there's one, you need to watch out for India's ranking on the Transparency International's corruption chart and not growth in services, agriculture and industry to ascertain where we are heading in the future! (Read our reports on the Indian economy)

Equitymaster requests your view! Post a comment on "Americans getting worse, we better!". Click here!


More Views on News

Your Queries on the 8-Year Cycle Answered (Fast Profits Daily)

Sep 25, 2020

You've sent in your queries on my videos on the 8-year greed and fear cycle in the market. I'll answer them in this video.

It's When You Sell that Counts (Profit Hunter)

Sep 25, 2020

How I alerted readers to the impending crash last week.

Can the Nifty Fall to 10,200? (Fast Profits Daily)

Sep 24, 2020

The Nifty has reached an important support level today. If it breaks then we could see further downside.

How to Save Money by Exiting Stocks Before They Fall podcast (Views On News)

Sep 24, 2020

A penny saved is a penny earned. It doesn't matter where you enter. All that matter is where you exit. Watch this video to identify an opportune time to exit your investments and book profits.

ICICI Prudential ESG Fund: Aims for Sustainability (Outside View)

Sep 24, 2020

PersonalFN briefly explains the newly launched fund : ICICI Prudential ESG Fund.

More Views on News

Most Popular

Why We Picked This Small-cap Stock for Our Hidden Treasure Subscribers (Profit Hunter)

Sep 17, 2020

This leading household brand will profit big time in a post covid world.

My Top Stock to Buy in this Market Selloff (Profit Hunter)

Sep 22, 2020

The recent correction offers a great opportunity to buy this high conviction smallcap stock.

What Do the Charts Say About Buying Smallcaps Now? (Fast Profits Daily)

Sep 18, 2020

Everyone seems to be excited about buying smallcaps now...but is it the right thing to do? What do the charts tell us? Find out in this video...

Can the Nifty Fall to 10,200? (Fast Profits Daily)

Sep 24, 2020

The Nifty has reached an important support level today. If it breaks then we could see further downside.


Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms


Sep 25, 2020 (Close)