| Every year for five years, corruption in Angola has become steadily worse, according to Transparency International’s corruption perceptions index of 182 nations. In 2007, the oil-rich southwest African country was 32nd from the bottom. By last year, it had plunged to the 14th most-corrupt nation on the Earth.
That’s not surprising. Oil and corruption have gone hand in hand since the industry was pioneered a century and a half ago. But more recently, experts have added a corollary—that an oil-producing country that channels some of its wealth into an independently run sovereign wealth fund is likely to rank better on the corruption scale than one that does not...............................................Full Article: Source
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