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Europe » Russia
March 29th 2013
Published: April 1st 2013
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Russia has been affected by its bad economy. The economy is Russia has been negatively affected by corruption. Foreign countries no longer want to invest in Russia. Based on the Berlin- based NGO Transparency International rates Russia 146th out of 180 nations in its corruption percentage index. They say that the bribery that takes place in Russia is worth about $300 billion ad year. Corruption in emerging market economies typically involves payments to secure businesses, but in Russia most bribes go to officials to stop them from abusing their office. When looking at a diagram of corruption around the world, Russia is a solid block. There is bribery at all levels. There is no sympathetic low level management, no sympathetic mid-level management, or at the top for bribery efforts. This diagram can be compared to Chinas corruption. Best described as an inverted pyramid, with most bribery at the top while India is the opposite with the corruption rampant at the lower levels. Because of this corruption Russia economy has been negatively affected and is causing poverty in the country.


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