None of this is a great surprise, as the poorest countries in the world have long suffered the most from corruption. Forty per cent of countries where corruption is perceived as rampant are classified by the World Bank as low-income countries.
Indonesians are still trying to recover US$15-$35 billion stolen by former President Suharto between 1967-98.
However, the report found that bribe money often stems from multinationals based in the worlds richest countries. Thats no surprise either!
The worlds wealthiest governments dont enforce the OECD Convention on Combating the Bribery of Foreign Public Officials. Lack of compliance with the conventions provisions continues to hinder corruption investigations and prosecutions, the Transparency International report says.
The Cole Inquiry into illegal payments by the Australian Wheat Board (A$300 million) and BHP Billiton to the former Iraqi regime of Saddam Hussein confirmed that Australian companies engaged in corruption with government knowledge and encouragement. Currently, a $100 million payment to the government of Mauritania from Woodside Petroleum is being investigated by the Australian Federal Police, along with eight other companies. But not one corporate executive has been sent to jail yet for such corruption.
Meanwhile, AAP reports that BHP Billitons outgoing CEO, Chip Goodyear, is leaving the worlds biggest mining company with his wallet bursting at the seams, with a [2007] salary package worth almost $9 million. As long as corporate greed pays so well, corruption wont go away.
Green Left Weekly says the problem is the capitalist system. Global corruption is an unbearable burden, especially on the 1.5 billion people struggling to live on less than US$2 a day (compare that to Goodyears $21,425 a day!).
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