There have been significant changes to the list since last year. Onetime losers like Ghana and Zimbabwe got their economic acts together and moved off the list while some countries, including Armenia and Jamaica, marched into the lower ranks primarily because of the global financial crisis. Others, like Madagascar and Nicaragua, earned their positions almost entirely due to the ineptitude of their rulers. It should come as no surprise that eight of the 10 worst economies also were in the bottom quartile of countries in Transparency International’s Global Corruption Perceptions Index, with Guinea, Kyrgyzstan and Venezuela scoring close to the bottom.
Posted on: Mon, 11 Nov 2013 05:50:06 +0000
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