Companies form India, China and Russia pay the highest bribes according to Transparency International Bribe Payers Index (BPI) and that translates into the root cause of great depression of Asia
Tarin Sikhdar
Oct. 4, 2006

Corruption, inefficiency and excessive dependence on American consumers will the root cause of the great depression of Asia.

Companies form India, China and Russia pay the highest bribes according to Transparency International Bribe Payers Index (BPI) and that translates to root cause of great depression of Asia.

The emerging economies especially that of China and India are plagued with unbelievable open corruption. When economies are sheltered and closed to international exposure the corruption does not hamper economic growth. But at this juncture the corruptions are translating into macro level inefficiencies in the system.

It is almost like Boeing 737 has taken off and then fuel leakage has taken place in the main tank. The Chinese and Indian economies are headed for a crash because of total corruption at every level of the infrastructure.

Companies form India, China and Russia pay the highest bribes according to Transparency International Bribe Payers Index (BPI) and that translates into the root cause of great depression of Asia
Tarin Sikhdar
Corruption, inefficiency and excessive dependence on American consumers will the root cause of the great depression of Asia.
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