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Corruption now a global target

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Macau, a well-oiled machine to launder the proceeds of corrupt Chinese officials, has seen its growth tamed. Photo: Bloomberg

We entered 2015 in an unprecedented anti-corruption wave: from Brazil to Indonesia, emerging nations are seeing the systemic risk corruption poses and proclaiming the fight against it their top priority. These developments represent a remarkable shift in global anti-corruption trends.

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China has cracked down on the excesses of senior officials, including those at the very top, for arguably the first time in its history.

India has taken concrete steps, following years of public protests against official graft.

Ukraine has - after 10 years of dithering - rebooted its revolution and adopted reforms including the establishment of an anti-corruption bureau.

Brazil is investigating the twin untouchables: senior politicians and its state oil company.

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Indonesia's president elevated the already high-profile Corruption Eradication Commission by asking it to screen ministerial nominees.

The common result is this: top officials are actually going to jail. Long considered the rightful perks of an increasingly sophisticated alliance between politicians and bureaucrats, kick-backs, sweetheart deals, and nepotism are subject to increasing scrutiny.

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