Cost of Corruption in Cambodia

in Business Risk

The international Labor Organization released a report that stated that corruption in Cambodia causes $1.7 Billion in annual losses to the Cambodian economy, or about 10 percent of Cambodia’s GDP.

According to business and firms who answered a survey, the companies spend an average of 9 percent of their sales to pay bribes to officials.

:  Khouran Theara, “Report Calculates Major Drain of Corruption,” Voice of America, March 12, 2014.

Previous post:

Next post: