Political scientist Farid Guliyev offers an analysis from Azerbaijan on the economic impacts and corruption risks during the coronavirus pandemic. This blog is the latest in a series taking a look at corruption and COVID-19. While the global impact of the COVID-19 pandemic has left no economy unaffected, the twin shock of COVID-19 and the… Read More
Corruption costs a lot of money for citizens around the globe. The World Economic Forum and the World Bank estimates that corruption reduces global GDP by 5% ($2.6 trillion) per year with over $1 trillion paid in bribes. For businesses, corruption makes up 10% of the total cost of doing business and up to 25% of… Read More