Corruption is a huge problem across the globe. In Africa, it is estimated that one-quarter of the continent’s GDP is “lost to corruption each year.” In Latin America, the Inter-American Development Bank believes that corruption may cost 10% of GDP every year. In the only comprehensive overview based on surveys of businesses and households, the World Bank puts the total direct cost of corruption at $1 trillion annually.
https://www.project-syndicate.org/commentary/online-procurement-less-corrupt-by-bjorn-lomborg-2016-04
I-BRIDGE's blog (Link Campus University's Research Centre on Global Affairs) - editor, Marco Emanuele - Critical thinking, complexity, international relations (Twitter, @Glob_Eye - Facebook, https://www.facebook.com/marco.emanuele.50)
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