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India, Asia's 4th most corrupt nation

April 10, 2009

2. Thailand

Thailand has a score of 7.63 and is Asia's 2nd most corrupt economy.

In Thailand, corruption has been in existence for a long time. Corruption has been rampant in government service, among political leaders and bureaucrats for years.

Corruption takes various forms from a small gift as a goodwill gesture to bribery to swing big deals.

According to the World Economic Forum Global Competitiveness Report 2008-2009, companies consider corruption to be the fourth most major barrier to doing business in Thailand after government and policy instability, and inefficient government bureaucracy.

The National Institute of Development Administration (NIDA) reported that 95 mega-projects cost the state THB 400 billion solely due to corruption due to corruption since 2001. Bribery is rampant in the land department, tax and customs, transport and the Police departments.

Image: People protest outside the British embassy in Bangkok demanding London to extradite former Prime Minister Thaksin Shinawatra for corruption trials in Thailand. | Photograph: Sukree Sukplang/Reuters.

Also read: World's top tax havens that hoard billions!
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