Asian Economic Growth Masks Growing Corruption Problem – VOA, February 19, 2013
…A 79-year-old businessman pointed to rising costs of doing business, including bribes for officials.
“I am an industrialist. I cannot stand anymore because we have to pay under the table so much money,” he said. “Before, all right you have to accept that before it was about five and ten per cent. But now it’s a minimum 30 per cent – minimum is 30 per cent.”
Estimates for how much economic activity is lost to corruption are difficult to judge, but a recent study by the University of the Thai Chamber of Commerce concluded that over two per cent of national output or some $11 billion is likely to be lost to corruption this year…
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