What's the cost of corruption? | CNBC Explains

Bribery costs the world an estimated $1.5 to $2 trillion annually – and that's just one aspect of corruption. What's corruption costing the world? CNBC's Xin En Lee explains from the IMF-World Bank meetings in Bali, Indonesia.

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[joakimsiljelind]

The legit paradox: "The more laws created in a country, the fewer its leaders will follow"

[eduardomustrange]

As a Brazilian, I can say that corruption fucked up the economy in the last 5 years in a way that unemployment went from less than 5% in 2014 to a staggering 13% in 2019.

[superjit]

In India you have to pay bribe to get driver license, birth certificate, passport or any govt related documents ....

[unnikrishnanasanj]

Bribing police for passport in India is like a parallel registration fees ;)

[vinaychakraborty]

In India corruption is the norm when it comes to dealing with any government official be it a traffic police constable or a high court judge. So called public servants are exploiting people. Digitization of all processes requiring government involvement and making interactions with the government impersonal through online/digital medium can reduce corruption to a great extent.

[saumitrachakravarty]

As long as the ruling class and owning class remains the same, conflict of financial interest will exist, so is the corruption.

[deepikabishnoi]

where does USA stand. why not show USA along with China India and Russia?

[baldeaguirre]

Odebrecht.. I don't like Messi being in a video about corruption, he's a soccer star not a corrupt government official. I don't think corruption is going anywhere, just ask any mexican politician.
There's a saying in Mexico that says "Corruption is not destroyed, it only changes".

[srfin]

the scale is confusing it should go the other way more corrupt higher points not lower points.

[phamhayden]

Cool video. it's nice to get more knowledge about this.
And vietnam is in huge inflation now.

[God_Usopp]

Love the presentation. Following you from India.

[friendsrlikefamily]

My brother have to give bribe to authorities so the filing can be done easily and in less time and he can start business in india 😕

[Han-rgzt]

We're all humans what do you expect? We run on emotions not rationality

[raghav]

Lol.. Descending on the escalator was funny

[bassam_salim]

I live in Yemen, I applied for an ID card in august 2018 and did pay a little bribe, people told me to pay them more but I refused, "it isn't ready yet" now in 2020.

[paultaylor]

Where does the USA stand regarding corruption? Especially in light of 2008.

[Aggiebqn]

Nice video. Thank you for addressing a necessary topic.

[thatomakoro]

In South Africa, there's Cool Drink Money. Some people are out here getting R50 000 000+ worth of Cool Drink Money. The JMPD tend to request about R50 to R200. Tip: Don't bribe anyone when you come to South Africa, because those who are caught receiving bribes also expose those who gave them the bribes.

[sanmah]

Money looted in corruption is less damaging as compared to non exemplary punishment of the known corrupt . This is because the non exemplary punishment of the known corrupt attract the new corrupt, criminal minded to those seats of power.

[World_Explorer_GIS]

Hey your videos are really good. I find the videos very informative. Hey please make a video about Pakistan economic problem. Pakistan goes to IMF after every 5 years. Whats the problem with Pakistan's economy?