Originally posted by nismoS132:
[b]Ranked 12th in Bribe Payers Index
However, in another ranking conducted by Transparency
International, Singapore did not fare that well.
Here's the review:
"In Asia, strong domestic anti-corruption measures at home are not
consistently translating into responsible business practices
abroad, especially for Singapore, Hong Kong and Taiwan. They are
assessed significantly worse by respondents from non-OECD countries
the same divide is evident for the United Arab Emirates
indicating a sharp double standard in business practices. "
http://www.transparency.org/news_room/in_focus/2006/bpi_2006
both articles go hand in hand. why report only half the
story?[/b]
Stringent domestic policies to curb corruption makes Singapore
attractive to foreign investors. If local businesses gives out
'discounts' in return for business opportunities (which would
constitute corruption at home), the damage, if any, is not done to
Singapore but the foreign nation.
It's not our job to make sure other governments are clean. If they
cannot control their officials from accepting bribes from
Singaporean businesses, that's their problem.
As long as it benefits us more, that's fine with me. Anyway,
Singapore's ranking in the BPI is still respectable.