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Asian Rankings : Corruption

 

Asian Country Scores and Rankings: Corruption Perceptions Index 2004

Published by Transparency International, the corruption perceptions index shows the wide spectrum of government corruption in Asia, with Singapore and Australia both posting excellent results and landing in the top ten, Hong Kong also scoring very well (and actually above its pre-handover score), Thailand highlighted as among the most improved countries of the year, and China, India, the Philippines, Indonesia, and Myanmar receiving abysmal scores. Asia also has the distinction of holding the last place finish, which goes to Bangladesh.

What does this have to do with banking? A banking system is all about trust and security, especially in the government and money supply. A corrupt government will inevitably go after the interests of bank shareholders and /or depositors because, as Willie Sutton noted, "that's where the money is."

Download the full 2004 survey here.

Country Rank Score*
Singapore 5
9.3
Australia 9
8.8
Hong Kong 16
8.0
Japan 24
6.9
Taiwan 35
5.6
Malaysia 39
5.0
Korea 47
4.5
Thailand 64
3.6
Sri Lanka 67
3.5
China 71
3.4
Mongolia 85
3.0
India 90
2.8
Nepal 90
2.8
Russia 90
2.8
Philippines 102
2.6
Vietnam 102
2.6
Pakistan 129
2.1
Indonesia 133
2.0
Myanmar 142
1.7
Bangladesh 145
1.5
* (0-10, 10 is the least corrupt)

 

 

 

 

 

 

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