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Corruption is growing (again) in Latin America

Latin America has achieved great things over the last decade: improved income distribution, less poverty, more home ownership, higher literacy, and a more robust democracy, among them. Corruption, on the other hand, has worsened. Comparing 2011 Transparency International Corruption index metrics with those of a decade earlier reveals a startling trend of increased corruption across much of Latin America, including IN markets that MIGHT surprise readers. Revenue hides all manner of sins Anyone who has managed a P&L knows that rapid revenue growth can lead to apathetic cost controls. In many Latin American countries, surging resource prices and economic expansion […]
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