Ranking of Countries by Value of Corruption Control

If we look at the map of countries by value of corruption control, we can see that they are essentially "Western" countries. At the top are the Scandinavian countries, the countries of Central Europe, the Anglo-Saxon countries and Japan. On the African continent, the only country with a medium-high level of corruption control is Botswana. While in Latin America Chile and Uruguay are the only two countries to have a high average value of control of corruption. The vast majority of non-Western countries are characterized by high levels of corruption. At the top are the countries of Central Africa and also Algeria, Venezuela, Syria, Yemen. The growing countries in terms of GDP or the BRICS-Brazil, Russia, India, China all have medium-high levels of corruption. It must be considered that the quality of institutions is an essential element for economic development and economic growth. Certainly having corrupt or “extractive” institutions reduces the likelihood of countries following an economic growth path that is sustained at high levels. Above all, the new Asian giants appear to have very high levels of corruption, and in the Asian world only Japan, South Korea and Australia have the opportunity to be able to count on efficient institutions. If countries with growing per capita incomes want to stay on the path of economic growth, they should improve their institutions by reducing corruption. In fact, corruption prevents the smooth running of business, can lead to the growth of production costs causing companies to go bankrupt, and can also reduce investor confidence in a certain country.