What's the cost of corruption? | CNBC Explains

Bribery costs the world an estimated $1.5 to $2 trillion annually - and that's just one aspect of corruption. What's corruption costing the world? CNBC's Xin En Lee explains from the IMF-World Bank meetings in Bali, Indonesia.
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[@joakimsiljelind118]

The legit paradox: "The more laws created in a country, the fewer its leaders will follow"

[@DrRajiv7]

Wondering how many types of corruption exist ? ://kzbin.info/www/bejne/qJe8Y4CBf9-GobM

[@eduardomustrange2243]

As a Brazilian, I can say that corruption fucked up the economy in the last 5 years in a way that unemployment went from less than 5% in 2014 to a staggering 13% in 2019.

[@pam_pam7]

wow i never heard about this

[@superjit6190]

In India you have to pay bribe to get driver license , birth certificate , passport or any govt related documents ....

[@mihirzala6313]

so true

[@user-vg3zf1vj7z]

It's the same thing for China

[@vigneshbantwal]

No you don't. You pay it because you want it faster. I haven't paid bribe for the passport and it took 3months to come instead of 2weeks.

[@DarkDaysInPurple]

WUT!? THAT'S MESSED UP???😲

[@vinaychakraborty8635]

In India corruption is the norm when it comes to dealing with any government official be it a traffic police constable or a high court judge. So called public servants are exploiting people. Digitization of all processes requiring government involvement and making interactions with the government impersonal through online/digital medium can reduce corruption to a great extent.

[@unnikrishnanasanj1267]

Bribing police for passport in India is like a parallel registration fees ;)

[@friendsrlikefamily4004]

My brother have to give bribe to authorities so the filing can be done easily and in less time and he can start business in india 😕

[@phamhayden184]

Cool video. it's nice to get more knowledge about this. And vietnam is in huge inflation now.

[@srfin24]

the scale is confusing it should go the other way more corrupt higher points not lower points.

[@gtn7178]

That would imply giving more credit (subconsciously)

[@saumitrachakravarty]

As long as the ruling class and owning class remains the same, conflict of financial interest will exist, so is the corruption.

[@God_Usopp]

Love the presentation. Following you from India.

[@Han-rg4zt]

We're all humans what do you expect? We run on emotions not rationality

[@AyaanAhmed12]

We're a mix of both and that's why we rule the land, water and the the oceans.

[@paultaylor6712]

Where does the USA stand regarding corruption? Especially in light of 2008.

[@burtvincent1278]

Rotten to the core.

[@baldeaguirre]

Odebrecht.. I don't like Messi being in a video about corruption, he's a soccer star not a corrupt government official. I don't think corruption is going anywhere, just ask any mexican politician. There's a saying in Mexico that says "Corruption is not destroyed, it only changes".

[@VinyZikss]

Nobody cares about what you like or not. Messi was here because he was on the panama papers.

[@raghav3093]

Lol.. Descending on the escalator was funny

[@GjaP_242]

6:20

[@bassam_salim]

I live in Yemen, I applied for an ID card in august 2018 and did pay a little bribe, people told me to pay them more but I refused, "it isn't ready yet" now in 2020.

[@AhmedKMoustafa2]

Ohh.. Now we reached 2021 .. did you get your ID card ?

[@sandeepvk]

India Govt doesn't build roads, they build "Statues"

[@charankumar5067]

True bro

[@Ms-ux8rb]

Fact check : plz check Road build always under NDA is higher compare to corrupt Congress king of 2g, 3g ,colegate, commonwealth etc etc

[@qamarpasha2818]

that to they build that in rupees and shows the cost in dollars ..

[@vidhanrana]

Says who? Have you traveled the lenght and breadth of this country? I have . Stop your fake rant.

[@qamarpasha2818]

vidhan rana didn't you saw the, degradation of standard of life , degradation of environment and many more ...

[@deepikabishnoi7444]

where does USA stand. why not show USA along with China India and Russia?

[@deepikabishnoi7444]

Tyler TV thank you Tyler for sharing that.

[@markasb7513]

They probably didn't show it next to those countries because it ranks 16th in the world, while China and India rank 77th and 81st.

[@sarthakjoshi9824]

Wow watching video of corruption by a corrupt channel.

[@michaelgray1803]

@Tyler V thanks for the clarification

[@bigbrotherau05]

@@markasb7513Sure, that’s the reason. It’s not at all because it’s usual for U.S. traditional media to always focus on countries in Latin & Central America, Asia and Africa when it comes to issues that are generally perceived as negative, even if the exact same things are happening on a large scale in the U.S. as well. And to be clear, corruption is rampant in the U.S. in all levels of government and most, if not all, major (media) corporations, even if a lot of the corruption is no longer illegal mainly because of several rulings by the U.S. Supreme Court.

[@World_Explorer_GIS]

Hey your videos are really good. I find the videos very informative. Hey please make a video about Pakistan economic problem. Pakistan goes to IMF after every 5 years. Whats the problem with Pakistan's economy?

[@fretted4life]

Disproportionate expenditure on defence, the presence of a shadow economy, tax compliance at abysmal levels, import of second hand used cars further depleting foreign reserves etc..

[@ankitchoudhary9858]

You're defence expenditure is too much for your economy. Look at any nation with same GDP as pakistan and then compare your armed forces with them. Even countries like France, Japan and UK whose military spending are $ 40-50B have less soldiers than yours. Now I know, this a matter of pride for your country to have such a big army but it is also a disaster for your economy. Then your "military first" policy is again bad. In last 30 years, from 1988 to today, you have asked IMF a bailout 12 times that means one bailout per 2.5 years plus don't forget numerous economic assistance from Saudi Arabia and China and now you're asking for 13th bailout. Believe me, a prosperous pakistan is less problematic than a poor pakistan for both of our countries. We're not going to attack you or harm you. Best of luck

[@meer3856]

If you don't elect indian agents your Prime Minsiters(Nawaz Shareef) , your country wouldn't have to go for IMF bail out.

[@ankitchoudhary9858]

@@meer3856 their relation with IMF is long before Nawaz came to power. They once labeled their Current PM Imran khan as Indian agent as well as Jinnah's sister and Benazir Bhutto were all Indian agent. Let's see what he will do

[@fretted4life]

@@meer3856 by the looks of it they are becoming a shared province of Saudi Arabia and China just going by the number of loans taken frm them and financial assistance received

[@jyotiproy1729]

1:38 OMG That's so true!!

[@CohmsRust]

Great video keep it up!!!!!!!!!!!!!

[@phillipii4709]

1:49 It's Indo-Pacific btw.

[@arminius6506]

Lolz 😁😁😁😁

[@sarthakjoshi9824]

Indian significance is getting back after 200 years

[@krismine99]

They're two different places, but she probably meant Indo Pacific

[@Aggie98bqn]

Nice video. Thank you for addressing a necessary topic.

[@jrukawa11]

You help Najib, Najib helps you

[@underratedcommenter4689]

*By being most corrupt prime minister*

[@DarkDaysInPurple]

That's my dad name, Ty for helping my dad!

[@francisnjenga142]

Give us the link of the perceived corruption index I want to see where my country is at even though I already know we are doing badly

[@masikumakiyu8703]

Wow Indonesia bangga bangga bangga bangga bangga bangga bangga bangga bangga bangga bangga bangga bangga bangga bangga

[@028TuvaluanHero]

Also did I see a Llama? 3:00 lol hurry someone open it!

[@SoSo11]

Everyone points to problems, but how to solve them ... I always argued with my brother on how to solve corruption.... What we discovered is you can't kill corruption, rather you just mitigate or offset its effects 1 - create a rich economy, tha have an never ending cycle of chances to hide the corruption of state officials or welthy, poor corrupted people 2 - audit, to at least be able to hold people accountable

[@thatomakoro3727]

In South Africa, there's Cool Drink Money. Some people are out here getting R50 000 000+ worth of Cool Drink Money. The JMPD tend to request about R50 to R200. Tip: Don't bribe anyone when you come to South Africa, because those who are caught receiving bribes also expose those who gave them the bribes.

[@1sanmah]

Money looted in corruption is less damaging as compared to non exemplary punishment of the known corrupt . This is because the non exemplary punishment of the known corrupt attract the new corrupt, criminal minded to those seats of power.

[@mochamadfarid5721]

Bali is a part of Indonesia. Why don't you mention Bali Indonesia?!? 😢😭💚🇮🇩

[@mcdonan5144]

5:13 Hello Philippines!

[@burgatron526]

The land of the gays!

[@wahyurivaldy136]

Show the hell really is, no one will ever think to corrupt again

[@codyshi4743]

Not every countries are perfect.

[@ramaraksha01]

What is amazing is that religions use the same corrupt tactics and even the brightest are totally blind to their tactics! In Corrupt countries the best resume does not get you the job, the best product does not get you the contract - wait buddy, you have to go thru us - either you pay ormust have the right connections to get what you want Religions say the EXACT same thing - you could be the greatest person in the world - a Gandhiji, a Buddha but wait buddy, you have to go thru us - only our God can get you Heaven, so first you must convert Works do not matter - all you have done in your life does not matter The only thing that matters is religion Just like the Corrupt people rig the system, religions also use the lure of Heaven to push conversions Corrupt religions dominate the world! They dominate because the moral, ethical, educated seem totally brainwashed by religion

[@ZHAO-uw9us]

root cause... the system of government

[@rg9448]

I knew Indonesia should be on the list. Just surprised it is not lower Bribery is just a norm in Indonesia, even when the bureaucracy is modernized with computer based bla3, those people will still find a way to embezzled the funds Like hundreds of thousand dollar "USB" for school, "field trip" cost for politicians, even to small stuff like bribing police, also effort to undermine the sole anti corruption commission

[@techie4beginners45]

money is the root of all evils (corrupt People).

[@michaelangeloaboyade-cole8895]

A video about corruption without Nigeria? That's wrong.

[@sayandutta5088]

And also about india

[@practicing1]

Well done

[@mahadiantor6324]

She just left her up there. So much for a good role model

[@jackyjiang1006]

There's actually upside of corruption, depending on the way you see it. it makes the government more effective, and makes corporation easier to grow. but unfair for most of the people. By the way, money received from donor to politician is seen as corruption in most of the eastern world.......

[@klaasdeboer8106]

I think allso in great parts of the ¨western¨ world except for the USA and maybe some other countries. Parties can be sponsored to a certain extent but not politicians. (I am not saying that it does not happen, but it is not concidered normal)

[@Manos_P_]

A fish rots head down is actually an ancient Greek saying, "Ιχθύς έκ τής κεφαλής όζειν άρχεται"

[@stevenzin5834]

If corruption is an olympics sport, my country could easily make a medal every year.

[@SuzanaMantovaniCerqueira]

I fight daily against corruption

[@PlazboBrah]

So what about the case of little corrupt Puerto Rico? Where does that fall into?

[@robertleejameswelch8383]

And people want large governments and believe that taxes will be used in the right way.

[@harleywoolford5247]

but some poeple want to give the state even more power

[@bullishness6343]

India🙏🙏🙏🙏🙏🙏

[@markchristopher3991]

The real problem with corruption is not that the government doesnt have enough money. The problem is the world governments have too much power and opportunity to exploit the people. Politicians want to make money. The government is full of wealth and resources for one to take. Who doesnt want free money? After all, what happens when you ask 1 million people for 1 dollar?

[@thatomakoro3727]

There are also drug dealers and smugglers that pay SAPS Precincts about R5 000 to R250 000 per week for them to turn the other away and they tend to arrest those who pay bribes, to request for more money. It's disgusting Tbh. We've attempted to lodge complaints but they get thrown in the trash as soon as you leave the Precinct.

[@unkimochi1494]

I'm proud of Indonesia 🤣🤣

[@TheMightyKingzuru]

Look at the presenter drinking "tea money"

[@aaronlai2174]

In Malaysia Everybody pays Bribe Except Politician .. They only Take Bribe.

[@harishnarendrula1377]

Corruption is the result of ineffective design in Democracy

[@michaelgray1803]

Most countries try all

[@TanvirAlif]

Bangladesh must be on the top of the list.

[@teamdark9022]

Do you have tea money ?

[@GjaP_242]

4:56

[@TeguhSantosot_so]

The country like I'm Indonesia is worst and we never admit it

[@yerzhan087]

Since 2014 we have online digital government services in place. Since then i have not payed any bribe money. Seperating people from government workers through digitalization can really decrease corruption. In example before to get nice/vip License plate you would pay Police office 100- 1000 usd bribe but now government set offical prices for this services and made 6 mln usd.

[@GjaP_242]

1:36

[@CUMBICA1970]

As old school as history itself. I'm Brazilian and as far back as remember my first glimpse of kinda first-hand corruption was when I got my driver's license at age 18. All went quite normally till the last day in driving school when my instructor came to me with something like "uhhh y'a know how this things work you'd better pay them (the gov inspectors) some extra cash otherwise it's going to be reaaaally difficult to get your license." I was like okay whatever it takes I'm not gonna argue after investing this much." And then came the exam day and Jeesus Christ talking here and there to other guys I found out every single applicant (some 70-odd people) from a dozen or so driving schools had to pay too. "Wait how much you paid? Damn I paid twice as much. Fuckers!!" "Hey I paid this much for both car and motorcycle licence" and on. BTW I would pay something like equivalent to a 70 US bucks but just 30 extra and I would have the motorcycle license so I choose the latter. Nice deal! And the corruption goes on...

[@philosoftfurkitusjunkyard2462]

most people are, yes most, like the poor (the police, as mentioned, aren't rich) not most of us get to be high government officials (big money) EVERYBODY save their own asses and family. if i was the government, most probably i would think: there's no way i'm putting these senseless idiots' needs BEFORE my family's. please challenge my thinking, not with threats. btw you forget to mention the corruption in charity organizations, YES i'm pointing at you robin hoods and religious corporations.

[@anoopsh6326]

Please give you opponion about sabari mala issue in Kerala ....women activist is being supported by Kerala government in India...

[@anoopsh6326]

@Alan Abraham This one decision has divided the Kerala which was United. Goto shabarimala if you can and see.

[@anoopsh6326]

@Alan Abraham It is not a mere temple issue it is is the issue of the state....99% of women doesn't want to go there... The court decision has proven wrong.

[@samiaint8043]

If you have to pay a bribe to a cop, and you are younger. When he gets older and retires, you can get even. It would be easy to get even with some some old guy.

[@_MintArcade]

Punishment should be working at minimum wage with no benefits

[@sergeyhay]

Bribery costs the world an estimated $1.5 to $2 trillion annually and that's just one aspect of corruption. What's corruption costing the world?

[@AnotherYoubue]

But the money is awesome :(

[@TejendraBaruwal]

I didnot like the idea of getting down with the electric ladder and speaking at the same time, no matter how skillfully you are. Correct the course. #dumbwaystoreport for sure.

[@hulkhair]

In indonesia its cigarette money, not tea

[@ilyaelric9539]

Excuse me? That's a Norwegian saying

[@carkawalakhatulistiwa]

Hore bali Indonesia. # mengaku kaya bayar pajak be dak bisa

[@deadimmortal8712]

CNBC let me tell yo that corruption exist everywhere and corruption does not only involves money but relation

[@mna9211]

My country ranked 81/180 perception of corruption index

[@crystalyeowchingching1036]

0 zero cost take as much as you like !!!

[@anjangoddu9536]

I have a trick if u know someone who bribes then while talking to him don't ask how much u earned in bribe ask him how much common peoples blood are u drinking if u do this this may go down to some extent

[@dianar.7928]

We do. The name is Hunter Biden 😂

[@alcantara7718]

Pakistan prime minister didn’t resign He was sentenced to prison!

[@fedotgogolev4064]

Where is USA?

[@bestcollectionsofpranks3136]

25

[@ReviewPetti]

Audio and music mix is not good. Anchor voice is not clearly audible, what are you trying to achieve by doing an outdoor video and all this stuffs?? It’s not candid!!! Just make a proper video than making all the drama. And what the hell is that scale?? Who asked you to keep 0 as highly corrupt and 100 as clean???

[@allardfreichmann3733]

Got the message?

[@misidee]

Nigeria! You can't do anything with a government held agency without being expected to pay a bribe - you need to renew your driver's license, international passport, pay taxes, even the food industry regulators and getting a government contract

[@mariamery7025]

Miseria al pueblo fácil si sacas baja el toko

[@n3gi_]

Corruption can never end.

[@rickyho788]

Where is Malaysia?

[@dneprox]

Tea money "Чайные" is also a slang in russia and serves the exact same meaning

[@laksantiniamine8352]

A ce qu ils parait ca fait des siecles qu ils volent de l argent et c est devenue pour eux un droit naturel.

[@SaurabhKumar-mn7rz]

Plz make video with subtitle

[@CNBCi]

All of our videos have subtitles. You just have to switch them on!

[@alcantara7718]

Corruption cost Pakistan The whole of Pakistan!!!

[@primoz.benedicto3572]

👍🏽👍🏽👍🏽👍🏽

[@laksantiniamine8352]

Ca me fait rire,au lieu d avoir honte d eux meme les mafieux de la finance pretendent que voler l argent des autres est un droit.

[@BRICSSCO]

Yes in California public sectors union members corruption

[@brucewayne-mh7ul]

Tricia Takanawa from family guy

[@navneethballal9427]

This is a very dramatic vid.

[@arielcerros3301]

Why Nicaragua is so corrupt?

[@nananana2980]

Corruption--continent of Africa

[@jeffreylim8378]

Jeffrey LIM facebook

[@Bariskesgin]

A fish rots from head down, everywhere 🤫

[@stevesiverling4628]

Someone may pay for a card and it not be corruption.

[@jakkrapatk]

Blockchain technology might help get rid of corruption.

[@rakeshswami11]

Thought india was worst:/