Will South Africa’s ratification of the OECD anti-bribery convention have any sustainable impact on the country’s corruption perceptions index‪?‬

Corruption has become a serious issue in today’s corporate and political environment. More and more countries tend to condone, yet appreciate the giving of gifts in order to accelerate the materialising of larger contracts. In many cases this is done without taking the public’s point of view into account.
This essay will investigate the question, if the ratification of the OECD Anti-Bribery Convention, which has been recently signed by South Africa as the 37th member, has had any major impacts on corruption in other member countries. Moreover, it will give an estimate about the development of South African corruption statistics in the near future.
In order to answer this question, chapter 2 will give a clear definition of the term corruption, as well as an explanation about why corruption happens worldwide and how it affects economic growth.
Adjacently, a brief introduction of the OECD Anti-Bribery Convention will be stated, which will be followed by an elaboration on the effects of the ratification of the Act on a number of member countries. According to the underlying data, a forecast of future development on South Africa’s corruption statistics will be given.