Corruption is a serious problem in many Asian economies today. According to Transparency International’s 2003 Corruption Perceptions Index (CPI), only 5 of the 16 Asian economies included in the survey of 133 economies scored above 5 out of a 10-point scale, with 10 being the least corrupt. Table 1 below shows that except for Singapore (ranked 5th); Hong Kong, China (14th); Japan (21st); Taipei, China (30th); and Malaysia (37th), the other 11 Asian economies had scores ranging from 4.3 for the Republic of Korea (50th) to 1.3 for Bangladesh (last).
However, some Asian economies like Singapore; Hong Kong, China; and Republic of Korea have adopted six best practices, which could be adopted by other economies concerned with minimizing corruption.
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