Frequent travelers know the value of pre-trip research. Having a good country guide—whether personal or paperback—can be the difference between enjoying the finest a region has to offer and getting caught in a tourist trap.
The TRACE Bribery Risk Matrix aims to be such a guide—not for restaurants and historical sights, but for the corruption risks you’re likely to face when doing business abroad.
At the most basic level, each country has a risk score between 1 and 100. The bigger the score, the more caution is warranted.
But just as savvy vacationers review a range of details about their destination, ethical entrepreneurs should understand the different factors that can make a country more or less bribery-prone. The Matrix therefore includes sub-scores to tell you how well or poorly each country maintains the conditions for discouraging bribery demands:
Robert Clark is the Manager of Legal Research at TRACE, a globally recognized anti-bribery business organization headquartered in Annapolis, Maryland. He has been responsible for the ongoing development of the TRACE Bribery Risk Matrix following its original publication in 2014, and is the chief designer of the Matrix Data Browser.
Contributors and Writers are members and associates of the MD/ DC District Export Council. The views expressed do not necessarily represent the opinions of the MD/DC DEC.