Wednesday, October 27, 2010

Denmark the world's least corrupt

While India has fallen to 87th rank when it comes to corruption, Denmark has defended its number one slot with almost no corruption.Here's how it has achieved this.


Denmark (officially : the kingdom of Denmark)

Denmark, with a mixed market capitalist economy and a large welfare state, ranks as having the world's highest level of income equality. Denmark has the best business climate in the world, according to the U.S. business magazine Forbes. From 2006 to 2008, survey ranked Denmark as "the happiest place in the world", based on standards of health, welfare and education. The 2009 Global Peace Index survey ranks Denmark as the second most peaceful country in the world, after New Zealand.

In 2009, Denmark was ranked as one of the least corrupt countries in the world according to the Corruption Perceptions Index, ranking second only to New Zealand. In 2010, Transparency International ranked it as least corrupt country in the world, in a three-way tie with New Zealand and Singapore

Initiatives taken by Denmark to curb corruption : the formation of the trade council of Denmark

THE TRADE COUNCIL OF DENMARK'S ROLE


TCD represents the Danish state and assists Danish companies operating in foreign markets where corruption is rife. TCD does not offer direct legal assistance, but informs companies of relevant legal matters and provides them with specific tools to avoid bribery and corruption on a given market. This gives TCD a significant role in the fight for more transparent and effective international trade and investment to the benefit of Danish businesses.
 
The Trade Council Denmark (TCD) has implemented an internal anti-corruption policy establishing clear guidelines on how TCD staff is to respond to corruption and bribery. The internal policy is founded on a “zero-tolerance-principle” towards corruption and bribery.
 
Other initiatives taken
  • In 2004, Danida launched an Action Plan to fight corruption and developed a Code of Conduct which in few words can be boiled down to a zero tolerance policy. Furthermore, Danida has established an Anti-Corruption Hotline to enable people to report misuse of Danida funds.

4 comments:

  1. We have a lot to learn from them!

    ReplyDelete
  2. It's unfortunate that we cannot choose our place of birth.

    ReplyDelete
  3. TCD does not offer direct legal assistance, but informs companies of relevant legal matters and provides them with specific tools to avoid bribery and corruption on a given market.

    din get it...wat is it talkin abt???? juz not understdin it clearly

    ReplyDelete
  4. Tranparency International's elegant definition of Corruption.

    What is corruption?
    Corruption is the abuse of entrusted power for private gain. It hurts everyone whose life, livelihood or happiness depends on the integrity of people in a position of authority.

    Bhumish CK
    TIME Borivali (West)

    ReplyDelete