Empresas y Derechos Humanos

Corruption – Issue Guide

Feb 23, 2009 Indepaz

Corruption within and between public and private sectors has become one of the leading problems for businesses all over the world. Just to get an idea of the dimension of corruption, it is worth mentioning that, according to the World Bank Institute, more than $1 trillion dollars (US$1,000 billion) are paid in bribes every year1, which means that each year the cost of corrupt activities is equal to a full 3% of the world’s gross domestic product.