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In: Economics

Transparency International (TI) which publishes the Corruption Perceptions Index (CPI) and annually ranks countries. Do you...

Transparency International (TI) which publishes the Corruption Perceptions Index (CPI) and annually ranks countries. Do you agree with TI's assessment of the United States, India, and Somalia? Why or why not?

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Expert Solution

Corruption is an act done by the government officials of any country abusing their public powers for private gain, through bribery and other such activities. In 2019, according to Transparency International (TI), U.S.A. ranks 23 , which means the corruption rate is low as compared to other 180 countries, falling from 18th rank since2016. TI stated that United States of America experiences threats for the system of balances and checks, and along with the erosion of norms at the major level of power.
In India corruption has become an issue which affects the central aa well as state economy and local government agencies. It has held back the economy from touching new heights aa well aa stunted the nation’s development. In 2019, as per the reports of Transparency International India ranks 85 out of 180 countries. More than 62% of Indians at some point of time paid a bribe to get their job done. But the country has reflected a steady decline in perception about corruption among the citizens in recent years. The most corrupt section of the country is public and social spending schemes implemented by the government. The major cases of corruption in the country includes extra regulations, licensing systems, tax system, monopoly of government institutions on various goods and less transparency of laws and black money.
Corruption in Somalia not only includes the extreme levels of corruption in public sectors but also the private sectors. As per TI, in 2019, Somalia ranks 180 out of 180 countries which represents the excessive level of corruption problem in the country. In 2013, the government announced to launch a Public Finance Management Policy to render transparent and accurate public sector’s financial system, and strengthen the capacity of delivery of the financial sector of government. There are many steps taken by the newly elected government of the country in 2017, against corruption but the country’s institutions are same as to be excessively dysfunctional, and limited steps taken to curb the problem. The informal clan and practices as well as religious exercises sway over the nation’s political powers. The government fails to provide the basic services to the citizens, of the country, and security remains precarious.
Transparency International has very ell ranked the countries under Corruption Perception Index, as per the situations of corruption in these countries and the steps taken against it. Many of them have coped up in recent times but few like Somalia still continue to be ranked as the most corrupt country. It has to formulate more policies and strictness against this evolving problem, otherwise it will lead the such countries to the verge of destruction.


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