Corruption, a Threat to Human Development

Bribery by companies when doing business abroad is a significant form of corruption, and is particularly serious when vital sectors of a nation’s economy and public services are involved. In a recent survey of more than 3,000 business executives worldwide on the extent to which companies from 28 of the world’s leading economies engage in bribery when doing business abroad, Transparency International found that the public works contracts and construction sectors are the most susceptible to bribery. Other susceptible sectors are real estate, property, legal and business services, oil and gas, and mining. The sectors least susceptible to bribery on the other hand are agriculture and light manufacturing as well as civilian aerospace and information technology.