New PDF release: Asian corruption update

By Political and Economic Risk Consultancy, Ltd.- PERC

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Perhaps it should be even higher. There is another side to the cost of corruption in the US that does not jump out from our survey results, but it is extremely significant. It is hinted at in the last two grades assessing the difficulty companies have in dealing with corruption and how easy it is to build an internal culture in organizations to ensure they meet compliance standards. At first glance this might be taken to imply the existence of a “culture of corruption” in the workforce, a character flaw of employees that employers have to guard against (although employers would presumably have this same character flaw).

30 How difficult is it for your organization to deal with corruption? 61 Comments Page 34 ASIAN INTELLIGENCE March 23, 2011 Issue #823 Political & Economic Risk Consultancy, Ltd. Corruption in Vietnam might be much more pervasive than in the US, but it has much smaller regional and global implications. Neighboring Cambodia and Laos are probably hurt by Vietnam’s corruption, but the main loser is Vietnam and its general public. Vietnam’s economy is out of step with the rest of Asia. Inflation is accelerating.

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