The Institute for Ethics and Economic Policy (IEEP) at Fordham University.

This is a renowned Jesuit institution with over 165-year history of emphasis on ethics.

To promote Governance with Respect Ethics Accountability and Transparency (GREAT)

 

ICELAND

 

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Transparency International’s corruption rank for this country in 2000=6, corruption perception index =9.1

 

Reykjavik, ICELAND SEEKS OFFICIAL'S RESIGNATION. Mr. David Oddsson, the Prime Minister of Iceland, urged a member of his own ruling party to resign. Legislator Arni Johnsen has acknowledged taking about $1,500 worth of goods while overseeing repairs to the National Theatre in Reykjavik. He did that by signing for building materials that were then used for his own private use. Johnsen admitted that he made a "silly mistake" and hoped that his country would forgive him. Iceland enjoys an international reputation for little or no corruption in public life: The 2001 Corruption Perception Index published by Transparency International ranked Iceland the fourth "cleanest" nation in the world, with 9.1 points out of a possible ten. Thus, it is natural that many have said Johnsen should resign. (Source: TI, Associated Press, July 17, summary by Pavlidis George).

 

The OECD anti-Corruption report for Iceland can be found at http://www.oecd.org/daf/nocorruption/report.htm

 

The Index of Economic Freedom (by Driscoll-Holmes-Kirkpatrick) for 2001 places Iceland in the “Mostly Free” category with a rank of 26 (Ranks range from 1 for Hong Kong to 155 for North Korea, Wall Street Journal, Nov. 1, 2000). H. D. Vinod’s trimmed correlation analysis indicates that countries free from economic regulation are less corrupt. After allowing for some exceptions by 20% trimming, the correlation is near 0.9.

 

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