As part of ILO activities deployed prior the face to face phase at ITC-ILO not only have I been working with classic Indicators such as Unemployment or Growth rate but also I have been involved with other International Indicators that measure relevant variables such as Prosperity or Corruption.
Transparency international is a Non profit organisation focused on Corruption which is measured by a Corruption Perception Index. Every year, it presents a global comparison in terms of corruption and the effects in society or economy. Recently, it presented the latest report.
On the other hand, The legatum Index analises Prosperity because it is more than just the accumulation of material wealth, it is also the joy of everyday life and the prospect of an even better life in the future. This is true for individuals as well as nations. Prosperity Index is the only global measurement of prosperity based on both income and wellbeing. It is the most comprehensive tool of its kind and is the definitive measure of global progress.
Spain is suffering the spreading of corruption in political parties and bad practices in corporative organisations. Some of our leaders want to enlarge their economical and private benefits in front of the common welfare. Despite the Courts are prosecuting the crime, perception corruption is increasing and inequity, for many reasons, is also growing.
D’Souza suggests at ¨Macroeconomics Handbook¨ (2012) that underground economy is sometimes correlated with bad practices and corruption. The black economy affects on Aggregate Income because it is not recorded in government statistics.
However, I would like to focus on practical corruption effects more than theoretical effects and this is one of the reasons that pushed me to explore the results of Prosperity and Corruption Indexes.
Do you think that corruption affects in the same way all different social classes? Furthermore, is it possible to link wealth with corruption practices?
Last but not least, do you believe that countries with a good mark in terms of non corruption achieve better economies and their societies are more fair than others?.
If you analise the Prosperity and Corruption Index during 2013 for 143 countries, you may find a clear correlation (Rxy:0,74) between both variables. It means that the more punctuation obtain a nation with Non Corruption practices, the more puntuaction obtain in Prosperity.
I would say, the less corrupted is a country, the more prosperous is.
There is room for hope!
Remember that: The Corruption Index measures perceived levels of public sector corruption worldwide. The Prosperity Index is the only global measurement of prosperity based on both income and wellbeing. It includes equally weighted aggregate data from Economy, Entrepeneurship, Education, Governance, Health, Safety, Freedom and Social Capital.