Kamala Harris said corruption costs as much as 5% of the world's GDP. That stat is questionable
For more than a decade, an interesting statistic about the cost of corruption has been bouncing around the global-economics community, showing up in statements and reports from organizations like the United Nations and the World Economic Forum.
Most recently, it came out of the mouth of Vice President Kamala Harris.
"Around the world, we know that corruption inhibits shared prosperity," Harris said May 4, at a conference on the Americas, where she touted the Biden administration’s plans to address the root causes of immigration. "In fact, the global cost of...