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The Additional Cost of Corruption to International Projects Is Less

question 17

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The additional cost of corruption to international projects is less than 5% on average making it practical to include corruption as a cost of doing business.


Definitions:

Technological Forecasts

Long-term forecasts concerned with the rates of technological progress.

Business Cycle

The natural rise and fall of economic growth that occurs over time, including periods of prosperity, recession, depression, and recovery.

Inflation Rates

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Money Supplies

The total amount of monetary assets available in an economy at a specific time, including cash, coins, and balances held in bank accounts.

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