Trace Bribery Risk Matrix 2019

 

For: Preliminary & Mains

Topics covered:

• Major findings of the Bribery Index of 2019
• About TRACE

---

 

News Flash

TRACE International, the world’s leading anti-bribery standard-setting organization, has released the 2019 edition of Trace Bribery Risk Matrix (TRACE Matrix).

The list by TRACE measures business bribery risk in 200 countries, territories, and autonomous and semi-autonomous regions.

 

Key Findings

• India has been placed in a better position than neighbouring China in a global list that measures business bribery risks.
• New Zealand has emerged as the country with the lowest bribery risk.
• Lowest Bribery Risk: New Zealand, Norway, Denmark, Sweden and Finland
• Highest Bribery Risk: Somalia, South Sudan, North Korea, Yemen and Venezuela
• Apart from India, Azerbaijan, Ghana, the Bahamas, Panama, Samoa and Thailand, also have a score of 48 in the matrix.
• Among the BRICS nations, South Africa is ahead of other countries with a score of 42.
• The scores of Brazil and the Russian Federation are 53 and 55, respectively.
• Bangladesh is the highest risk country in terms of bribery in South Asia as its total risk score was 72 in this index.
• Bangladesh was ranked 178 while India stands on 78th rank.

 

Trace Bribery Risk Index

Trace provides a score from 1 to 100 to each country for each domain. When a country gets a higher score it means it is in a higher risk of business bribery. India’s score is 48.

The score is based on four factors:

1. Business Interactions with Government
2. Anti-Bribery Deterrence and Enforcement
3. Government and Civil Service Transparency
4. Capacity for Civil Society Oversight, including the role of the media

 

TRACE

• TRACE is a globally recognized anti-bribery business association and leading provider of shared-cost third party risk management solutions. TRACE is headquartered in the United States and registered in Canada, with a presence on five continents.
• TRACE is comprised of two distinct entities – TRACE International and TRACE Incorporated – that share a common mission to advance commercial transparency worldwide.
• The TRACE Matrix was originally developed in 2014 in collaboration with RAND Corporation. It is updated annually by TRACE.

 

Source: The Hindu Businessline

 

READ MORE DAILY NEWS

• Co-operative Credit Societies
• System of Air Quality and Weather Forecasting And Research (SAFAR) study
• Sabarimala temple Issue: SC verdict
• Office of the CJI comes under the RTI Act
• 11th BRICS summit
• The Index of Industrial Production
• What is New Zealand’s Zero Carbon Law?
• Brown to Green Report 2019

You are on the Best Online IAS preparation platform. You are learning under experts.

We are present on Facebook- Diligent IAS, LinkedIn- Diligent IAS, YouTube- Diligent IAS, Instagram- Diligent IAS. Get in touch with us.