ABSTRACT
This chapter explains corruption in Brazil, Russia, India, and China (BRIC) countries, to examine the types of corruption that affect the BRICs the most, and to examine their anti-corruption programs. It takes an institutional approach in analyzing corruption. The Economist Intelligence Unit (EIU) predicts growing labor forces and declining unemployment levels for each of the BRICs. According to the annual Bribe Payers Index (BPI) report published by Transparency International (TI) in 2006, the extent of business bribery of all the 30 major importing countries is high. In the Corruption Perceptions Index (CPI) produced annually by TI, surveys are created for countries based upon the way experts think these countries are performing with respect to corruption. Chinas economic reform in 1979 facilitated corruption, according to the Rational Choice Model. The Common Pool Resources framework demonstrates that every rational actor will extract as much as he or she can from a common pool of resources.
