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Question no. 96649

What position was assigned to Denmark in the “TRACE Global Bribery Risk ranking 2021”?

Select your answer for: What position was assigned to Denmark in the “TRACE Global Bribery Risk ranking 2021”?
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Answer: A. 1st

Explanation

Denmark achieved the top position in the TRACE Global Bribery Risk ranking for the year 2021. The country demonstrated exceptional governance metrics that resulted in the lowest assessed commercial bribery risk globally. Independent analytical assessments placed Denmark at the absolute summit of the international anti-bribery index. The TRACE Bribery Risk Matrix measures business bribery risk across nearly two hundred countries and territories worldwide. The evaluation considers four key domains including government interaction and anti-bribery deterrence enforcement mechanisms. Nordic nations consistently score very well in global transparency and anti-corruption indices due to strong institutions.

Multinational corporations utilize these risk rankings to make informed compliance decisions when expanding into foreign markets. Low bribery risk environments help attract foreign direct investment and foster fair competition among local businesses. Governments look at these benchmarks to identify specific areas requiring regulatory reform or better enforcement. Option B incorrectly places Denmark in second place rather than its actual first-place ranking. Option C suggests a third-place ranking, underestimating the nation's superior performance in anti-bribery metrics. Option D claims a fourth-place standing, which contradicts the official TRACE report results for that year.

Subject
Current Affairs
Topic
—
Difficulty
medium

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