From this Sunday’s Washington Post, David Hilzenrath lays out ambiguities of the Foreign Corrupt Practices Act. Scientific American’s Worldview 2011 report compares corruption among countries seeking to grow the biotech industry within their borders based on the 2010 Corruption Perceptions Index from Transparency International. Countries that ranked high in perceived corruption tended to rank lower in terms of overall innovation. In other words, as corruption increases, the nation’s business reputation sinks while those with a low level of corruption and a just reputation are seen as good venues for biotechnology and other ventures.
Countries that ranked high in corruption include Russia, the Philippines, Ukraine, Indonesia and Argentina. Countries with low levels of corruption include Finland, Sweden, Denmark, New Zealand and Singapore.
For more information, visit http://www.saworldview.com.