Corruption widens inequality among Dominicans
Santo Domingo.- The Dominican Republic is the eighth most corrupt country in Latin America and the Caribbean, ranked 129th among 180 countries, as published by Transparency International – TI- in 2018.
That year, the country’s Corruption Perception Index was placed at 30 points out of 100, one more than the 29 registered in 2017, a level that is still considered “high.”
This slight movement does not seem to be a great deterioration until the effects of this behavior on the Dominican economy are analyzed individually.
Specifically, for each point that increases the perception of Corruption, the country’s GDP decreases -0.7%, and the Gini Coefficient (index that measures inequality) falls -2.36% respectively.
“This means that income distribution tends to be lower in the presence of high levels of corruption…. therefore, inequality rises,” TI said.