Taiwan ranks 10th among 22 counties in crony capitalism index

Taiwan News
Date: 2016-05-08
By: Central News Agency

Taiwan was listed in 10th place on the Economist’s latest index of crony capitalism, which gives an indication of how much the livelihood of people in certain countries or cities depends on close relationships between business people and government officials.

The index is compiled with the use of data such as a country’s total wealth in comparison to its gross domestic product (GDP), the Forbes rankings of its billionaires, and the source of their wealth.

In its rankings this year, the Economist listed 22 economies that it described as the five richest ones, the 10 biggest emerging ones for which it had reliable data, and a selection of other countries where cronyism is a problem.

Taiwan was listed at 10th, a drop of three notches from the previous rankings in 2014, indicating that it had scored better on this year’s index of crony capitalism.     [FULL  STORY]

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