Ferraris Outnumber Plans to Clean Up Asia’s Corruption
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Dec. 14 (Bloomberg) -- Transparency International’s latestcorruption report is sober reading for Asian leaders committedto ending dirty dealings in the world’s fastest-growing region.
Dec. 9 was International Anti-Corruption Day, and Asia’sreport card was a big disappointment. China, Japan and SouthKorea, three of Asia’s four biggest economies, all lost ground.So did such emerging-market darlings as Indonesia, Taiwan,Thailand and Vietnam. Even Hong Kong, routinely celebrated as amodel of economic freedom, slid two places in the 2012Corruption Perceptions Index to 14th among 176 nations.