Potential investors frequently cite corruption as one of their primary concerns when it comes to doing business in Latin America, so it is imperative to know which countries are among the most and least transparent in the region. One of the clearest guides is the annual Corruption Perceptions Index produced by Transparency International, a non-governmental organization that monitors and publicizes
corporate and political corruption in international development.
The most transparent nation in Latin America, Uruguay is ranked 19th out of 177 countries in the 2013 Index.
“Despite a few notable exceptions such as Chile and Uruguay, many countries in Latin America score relatively low in the latest edition of the Corruption Perceptions Index. In those countries, corruption is part of the everyday life of citizens,” Transparency International warns....