Ten Of The Least Corrupt Countries In The World

Ten Of The Least Corrupt Countries In The  World

“I will not let anyone walk through my mind with their dirty feet.” Mahatma Gandhi

Corruption is one of the biggest problems in the world. The threat of corruption is always prevalent. Here is the list of the 10 least corrupt countries in the world in order as published by Transparency International.

Denmark almost always ranks first as the country least prone to corruption. Is it that the Danes have a higher moral fiber than other people? Is it something in their genes? Perhaps it is that the Danes have a high degree of trust in other people and in the system. Fair working conditions, social security, health arrangements, decent salaries and pension schemes are among the things that contribute to giving the Danes reasonable living conditions. Anti corruptions strategy is part of the corporate business structure. They aren’t immune to bribery but they have a tradition of  high ethical and moral views of the world.

New Zealand is not categorized by political corruption scandals.   No country has a perfect score and New Zealand has slipped down from first place over the last few years. New Zealand’s reputation for honesty, transparency and justice is a great advantage in conducting international trade and other dealings. It is still the least corrupt country in Asia-Pacific.

Corruption is very low in Finland. Finland consistently ranks in the top four of the Corruption Perception Index. There is a strong anti corruption commitment from their government. The country’s focus on human rights issues and literacy have a high correlation to lower rates of corruption.

Sweden ranks fourth in the World Corruptions Perception Index.  Government agencies have a high degree of transparency, integrity and accountability. The legal system is effective in fighting corruption issues that arise.  According to Forbes magazine it is the best country in the world to do business with. The low-level of corruption is one of the reasons.

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Norway falls behind Sweden and Denmark in corruption but all the Scandinavian countries still rate as the least corrupt countries in the world. Business is conducted with a high level of transparency. Administration corruption and petty bribery are almost non-existent. Bribery, fraud, extortion and money laundering carry a penalty of up to ten years imprisonment. Anti-corruption laws are strongly enforced.

Switzerland has very strong anti-bribery enforcement activities and controls of corruption. The Swiss economy is one of the most competitive and innovative in the world. One of the reasons is because they have a sound regulatory environment.

Singapore has consistently placed well ahead of the other Asian countries in terms of corruption. Singaporeans expect and demand a clean system, and will not give or accept bribery to get things done, unlike in other countries.  The city-state does have an aggressive Corrupt Practices Investigation Bureau; professional courts and a ruthless, relentless emphasis on efficiency and results.There’s an old saying in Asia that the real money is in government. Not the paychecks, but the kickbacks. Singapore  pays its government well so that does not happen.

The Netherlands is always in the top ten. When economic freedom exists, it comes with  very little corruption.  The country has established strong pillars—an independent judiciary, effective anti-corruption mechanisms and a culture of trust—that all combine to create a society where corruption is not considered a serious problem.

Corruption does not constitute a problem for businesses in Luxembourg. The country has a strong legal framework to curb corruption, and anti-corruption laws are effectively enforced. It is not perfect but still better than most of the world.

Canada ranks tenth  this year and is still one of the least corrupt countries. It is the least corrupt country in the Americas which includes the United States. It does not mean that there is no corruption, only less than other countries.

Fly safe,

JAZ

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Ten Of The Richest Countries In The World

  Ten Of The Richest Countries In The World

“I think everybody should get rich and famous and do everything they ever dreamed of so they can see that it’s not the answer.” Jim Carrey

It is confusing to rate the wealthiest countries these days.  It is usually rated by the GDP – gross domestic product. But there are other categories which change the list – third world rankings, most money, most growth etc., country size etc.  I’m going to go with the  original criteria which always puts the small Arab Oil Countries ahead of the big countries like the United States, Russia and China. Lists are different and I compiled a few.

1. Every list is in agreement that Qatar is the world’s richest country. It is full of five star hotels and has a five star airline.  Qatar wants to be the Arab world’s next super power.The streets are not paved with gold but consistently being dug up for new electrical cables and drainage getting ready for World Cup 2022. There are questions about bribery for the games. In fifty years it has gone from a poor fishing country to a rich oil-producing country. Qatari are the world’s richest people with an average income of 400,000 dollars per year. They are also rapidly becoming the world’s fattest. Since they don’t need to work and everything is done for them, they sit around smoking and eating junk food. The country’s traditional culture makes it difficult to go on a diet. You never leave someone’s house without eating.

2. Tiny Luxembourg is rich. It pays the highest wages in Europe so people from surrounding countries often work there. It is great for financial companies, banking and tax breaks. The reason it is rich is for stability, financial and investment reasons that I can not really explain. Luxembourg is on all lists in the top three every year.

3. Singapore has more millionaires per capita than anywhere else in the world. It is a city-state with about five million people so the scale isn’t comparable to the challenges of a country. Singapore is not fueled by natural resources. It is perfectly positioned to take advantage of the rise of Chinese and Southeast Asian wealth in coming years. Singapore has also pushed into electronics and tech.  Singapore made itself an internationally oriented economy and that has  paid off for its people.

4. Abu Dhabi, the capital of the United Arab Emirates is the richest city in the world. The city of  Dubai is well-known as a playground for the rich. There is no sales tax or income tax. They have tried to cut their dependency on oil by diverting their economy, creating new businesses and increasing tourism.

5. Brunei is a tiny country on the island of Borneo in the South China Sea.  I do know that it is ruled by a Sultan and he is very rich. He owns the Beverly Hills Hotel among many other things. It is one of the smaller countries in the world so I don’t know how fair that is. The Sultan of Brunei presides over an absolute monarchy, and the government has just delayed its decision to reintroduce stoning, severing limbs and flogging for theft, adultery and homosexuality under the code of Sharia law. The UN has expressed concerns. But as long as the oil doesn’t run out, they are good.

6. Norway is prosperous, happy and free. Its towns and cities are orderly and comfortable. The people are educated, speak many languages and trade comfortably with the European Union. The nation is the largest producer of oil on the continent, and that advantage has helped the country put together a sovereign wealth fund of $860 billion dollars.  Norway sets itself apart from many oil-producing countries, particularly in the former Soviet Union and the Middle East in the way that the wealth is distributed. Instead of  oil generating revenues that make the governing elites fabulously wealthy, while the rest of the citizens depend on their leaders’ handouts or upon trickle-down economics for their share of what is left, Norway puts the money back into the country funding many government programs. 

7. Kuwait is an oil rich country in the Middle East. They say there are no poor people in Kuwait but that is usually said by the very rich who don’t know them. The provision of social services to Kuwaiti citizens, compared with most Western countries, is extensive. The state welfare system  cares for the needy, and aids families in need because of divorce, old age, disability, parental death, illness, or financial difficulty. Educational and marital status are taken into account in granting aid. Long standing tribal families and Sunni Muslims receive preferential treatment in Kuwait. They are an economically backward and politically unstable country compared to other oil-producing  countries.

8. Long-term monetary security and political stability has made Switzerland a safe haven for investors, creating an economy that is increasingly dependent on a steady tide of foreign investment  They aren’t picky about who invests money there – blood stained dictators, mafia, embezzlers, Nazis are among the many investors throughout the years.  The country’s small size and high labor specialization make industry and trade the keys to Switzerland‘s economic livelihood. They are rich, happy  and have great chocolate.

9. The United States has a lot of rich people. We have the largest amount of private wealth in the world. We also have one of the largest wealth inequality gaps making the uneven distribution of wealth a persistent issue. Yes even with all our problems, we are still considered lucky and rich.

10, With its vast oil wealth, Saudi Arabia has one of the highest concentrations of super rich households in the world. They are so rich that they have been able to hide the poverty in the country from sight. Saudi Arabia  had the largest oil reserves in the world. They are the biggest international exporter in crude oil and the amount of revenue they make from it is huge . Mecca helps – bringing in a lot of tourists. for the annual pilgrimage But unless Tesla really takes off, Saudi Arabia will continue to be one of the richest countries in the world.

Fly safe,

JAZ