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October 14, 2012

Global Trends in Corruption

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A country’s corruption level directly affects potential investments by businesses, states Carrie Lennard, Government, Labour, and Education Manager at Euromonitor. The eurozone crisis has increased corruption perception in some of the member countries, most notably Greece and Italy. Both countries have high public debt, which has exposed a prevalence of tax evasion. Since this perceived corruption will hamper investments in these countries, governments will have to take action against corruption before growth can take place, according to Lennard.

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