ABSTRACT
This chapter discusses the current alternatives that are available for quantifying corruption. Notwithstanding the notable progress of quantitative analysis in social sciences, the concept of corruption has long remained immeasurable due to its complexity, secrecy and political sensitivity. Coleman in writing about criminal acts of white collar workers comments upon this: By its very nature, crime is a secretive business. Kaufmann, Kraay, and Mastruzzi point out three techniques for measuring corruption such as: Survey the stakeholders, Measure institutional features and Conduct audits. The private sector has begun fighting back against public corruption and is now participating in the process of creating good information about corruption. TRACE, a non-profit organization that specializes in anti-bribery compliance, launched its online corruption-reporting tool BRIBE line in July 2007. The International Country Risk Guide (ICRG) indicators assess financial, economic and political risks that investors are likely to face in 140 countries.
