How Should Turkish Private Sector Read The 2021 Corruption Index?

The term corruption is often defined as the abuse of entrusted power for private gain. Corruption does not only kill public trust, but also prevents countries from unleashing their potential. Many studies indicate the negative correlation between corruption and sustainable economic growth. Entrepreneurship, investment, and business expansion all depend on transparency and accountability and may only flourish in an environment where corruptive attempts are fought back steadily. Therefore, performance in combatting corruption does also appear as a key factor in economic development.

Due to its extralegal nature, corruption cannot be measured accurately through conventional methods referring to public sources, which do not reflect the actual situation most times. Public perception of corruption functions better as an indicator of the corruption level within a country. The Corruption Perceptions Index (the "Index"), published by Transparency International annually,