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Latin American Economy & Business - February 2017 (ISSN 1741-7430)
Region: Tolerance for corruption is fast eroding in Latin America
Latin America remains one of the most corrupt regions in the world, according to the latest Global Corruption Perceptions Index (CPI), compiled annually by the Berlin-based NGO Transparency International. Yet as the past 18 months have demonstrated, public tolerance for the practice – and for the impunity that has allowed it to thrive unchecked – is falling right across the region. While the current fall-out from the major corruption scandals in Brazil has contributed to an unscheduled change of government there, and created widespread regional ripples, eventually the result of this painful upheaval should be more transparency and accountability, stronger institutions and better governance. That’s good not only for voters, but also for investors and the general business environment.
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