Transparency International (TI) today released its 2009 Global Corruption Report: Corruption and the Private Sector (GCR). TI finds that one out of five business executives report that they received a solicitation for a bribe. An equal number report that they lost business due to a competitor paying a bribe.
I like to read the GCR together with the Price Waterhouse study reported here in 2008. It found that the most effective way to uncover corruption is through whistleblowers. The logical conclusion is that we need effective legal protections and rewards for whistleblowers, both here and in other countries.
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