Monday, November 3, 2008


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Corruption costs the global economy more than every other inefficiency combined, and, by sheer priority alone, is the founding target of TTT, total transparency tools.

In 2000, the World Bank put their estimated costs from corruption as high as US$1.5 trillion a year, when the global economy was worth US$30 million, or about 5 %.

In today's dollars, the global economy was last year worth around US$58 trillion, meaning a 5% loss represents at least US$2.9 trillion annually. The United Nations estimates almost all deaths from starvation and disease could be prevented for around US$195 billion a year, reports - an aid watchdog.


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