Related Topic in KAS Prelims Syllabus:
Public Administration and Governance [Paper-I]: Public Policy and Governance, Principles of Administrative Law
TRACE International has released Trace Bribery Risk Matrix 2019.
What is TRACE Bribery Risk Matrix?
- It measures bribery risks that a business organisation may encounter in 200 countries, territories, and autonomous and semi-autonomous regions.
- The overall country risk score is a combined and weighted score of four domains: Business Interactions with Government; Anti-Bribery Deterrence and Enforcement; Government and Civil Service Transparency; and Capacity for Civil Society Oversight, including the role of the media.
- If a country gets a higher score it means it is in a higher risk of business bribery.
- The TRACE Matrix was originally developed in 2014 in collaboration with RAND Corporation.
- It is updated annually by TRACE.
- The matrix provides multi-dimensional, actionable insights about business bribery risk that can be used by companies to develop more targeted compliance procedures.
- With a total risk score of 48, India is ranked higher than neighbouring China whose score is 59.
- 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 Russian Federation are 53 and 55, respectively.
- Somalia, South Sudan, North Korea, Yemen and Venezuela presented the highest risk of bribe demands.
- New Zealand, Norway, Denmark, Sweden and Finland presented the lowest bribery risk.