In 2004, the cost of corruption was estimated at $1 trillion a year. John Bray, the author of a corruption survey included in the 2007 Transparency International report, authored a 'handbook' for private, international companies, in which he points out why and how to avoid the pitfalls of bribery.
The graph below shows a percentage of companies (350 surveyed) that believe they had lost business due to a competitor’s bribe over last 5 years:
With an even greater focus comes a recent 480-page-long World Bank publication which explores corruption vulnerability on a sector level through value chain analysis. The book hopes to be a tool for diagnosing this harmful phenomenon.
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