The 2011 Bribe Payers Index by Transparency International€™s (TI) ranks the world€™s largest economies according to the likelihood of firms from these countries to bribe when doing business abroad. TI asked 3,016 senior business executives in 28 countries around the world for their perceptions of the likelihood of companies, from countries they have business dealings with, to engage in bribery when doing business in the executive€™s country. Countries are scored on a scale of 0-10, where a maximum score of 10 corresponds with the view that the companies from that country never bribe and a 0 corresponds with the view that they always do. Here are the rankings.

From a cultural and a corporate governance perspective are you surprised by the results that show Germany (#4), the U.S. (#10), India (#19), and China (#27)? What are the ethical implications for a U.S. company doing business in each of thesecountries?

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Transparency International 2011 Bribe Payer's Index Rank Country/Territory SCORE 8.8 8.8 8.7 8.6 8.6 8.5 8.5 Netherlands Switzerland Belgium Germany Japan Australia Canada Singapore United Kingdom United States France Spain South Korea Brazil Hong Kong Italy Malaysia South Africa Taiwan India Turkey Saudi Arabia Argentina United Arab Emirates Indonesia Mexico 8.3 8.0 8.0 7.6 7.6 7.6 7.5 7.5 7.5 19 7.3 7.3 7.1 26 27 28 Average 0 6.5 Kussia 7.8