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The development of a country depends generally on the work and values of its society. The image of a country can be severely damaged by certain actions and behavior of their citizens, like bribery. When a country is known as a corrupt nation, not only will the facade of the country be affected, but also the economy. Establishing measures to eradicate corruption are urgently necessary. Corruption has been around since the begging of time, but currently is more common in business, more specifically, international business. Although some organizations have been formed, and conventions have been signed in order to end it, corruption is still one of the mayor problems around the world. An ethical view might bring more insight to why bribery and …show more content…
According to Transparency International, an organization committed exclusively to end corruption, three of the most corrupt countries in the world are Somalia, North Korea and Afghanistan. This does not mean that corruption is only seen in underdeveloped countries. In international business, corporate employees often find themselves dealing with corruptors in foreign countries and, in most cases, they will give in. In the past couple of years we have been able to observe the consequences that are brought by corruption and bribery. For this matter, many organizations, national and international, have been formed. Transparency international is an organization based solely to battle corruption in businesses, governments and societies. They provide a report annually called “Corruption Perceptions Index”, which is based on the opinion of economic experts and surveys. This makes it very susceptible to criticism, and countries like Venezuela and North Korea refuse to accept the results. Transparency international is also responsible for the “Global Corruption Barometer” which is survey for the public. The organization surveyed a total of one thousand people in each of the one
The runaway corruption in the country harms the business environment and causes collapse of various established institutions and industries.
When operating in a different country/culture businesses should refrain from making any definite assumptions or judgements. The issue is that is it easy to make assumptions/judgements about countries whose livelihoods that business is not even familiar with. Then when the business actually gets to that country, they will find that their assumptions/judgements fail to live up to the complexity of that country/culture. For example, in the case of bribery that occurs in certain countries, a company may mistakenly assume that because officials partake in this act that this act is thereby morally permissible. If anything that is far from the truth. Historically, bribery has often been considered wrong in many countries worldwide. When that company
Chetwynd, Eric, Frances Chetwynd, and Bertram Spector. "Corruption and Poverty: A Review of Recent Literature." Management Systems International (2003): n. pag. Print.
Transparency International defines corruption as “the abuse of entrusted power for private gain.” In politics, as we have learned, this includes (but is not limited to) fraud, bribery, embezzlement, influence peddling, lying, conflict of interest, and patronage.
Bribery poses difficulties on moral grounds because it is incompatible with the principal of human equality and the fundamental right for individuals to be treated with equal respect and concern. For an institution to adhere to this principle, they must operate with fairness and impartiality: nobody should have access to influence that is not accessible to all. Bribery operates as part of a mechanism by which influence is only available ...
The question of why bribery is illegal in the first place is fundamental to the discussion of its practice and legality. Foremost, it can be considered wrong in terms of normative ethics, both deontologically and teleologically. Teleological ethics holds that the outcome of an action is the determining factor in whether or not it is moral. Should bribery create economic distortions resulting in suboptimal development in the aggregate, it would be economically beneficial in the long run to criminalise bribery. Therefore, application of a consequentialist view asserts that bribery, in being detrimental to the economy, i...
However, in moralistic view, it is completely wrong to continue giving and obtaining bribes even in case, where this phenomenon is widespread. Corruption stays illegal and immoral even despite the fact that it is not taken into account by government; thus, it should be not permissible to participate in bribery.
Thirdly corruption is endemic and has spread to every facet of the economy. It is widely prevalent in many government and public agencies and foreign banks believe that business operations may come to a halt if they is “no greasing of palms’’
The rule of law is vital for supporting a democratic society. Citizens rely on the government to protect its people through laws and good governance. However, corruption undermines government’s abilities to be accountable for the good of its people. Corruption as defined by Transparency International is “the abuse of entrusted power for private gains”. When governments are corrupt, they defer the rule of law and create greater inequalities. Organized crimes, such as human trafficking, contribute to corruption by undermining law enforcement efforts, slowing economic growth, and raising the costs of regional trade (Dixon 98). These negative impacts effect the peoples trust in the government.
Some people said that corruption is rampant in all governments, So that it is not unknown to any ethnic group, region and continent. It cuts across faiths, political systems, religious Denominations and affects both young and old people. Fraud can be found in public and authoritarian rule;...
The existence of bribery and unethical behavior is rampant in the world market and may not change overnight. The question of bribery has been distilled in business literature as a question of ethics. In this situation at the airport with the customs officer, it is important to distinguish between business ethics and personal ethics. In a business ethics situation, the Foreign Corruption Practices Act would prohibit offering any bribe to the custom office – for example to free a shipment of goods that was lost in red tape (Pitman & Sanford, 2006). Most companies also have policies against bribery as well. In this situation, however the main issue at hand is that of personal ethics. When in a situation where your company is unknown and there is no business being conducted, normal business ethics and laws (including FCPA) do not apply only personal ethical standards.
SANDU, A., & NIŢU, M. (2013). CORRUPTION AND ORGANIZED CRIME. Contemporary Readings In Law & Social Justice, 5(2), 454-460.
Despite the improvements within the last decade the vast majority of sub-Saharan Africa remains corrupt. Corruption is a complex phenomenon. The inability for the country as a whole to solve their own issues is indeed the reason the country till this day is considered a developing nation. But as much as sub-Saharan is said to be ethical, stats and numbers illustrate many forms of corruption. Corruption within the country’s policies, bureaucratic traditions, political development, and social history. The aim of this paper is to elaborate and construe the many forms of corruption being practiced in sub-Saharan Africa. In addition, how it creates everlasting effects on the nation 's people specifically focusing on the Education, Healthcare, and
This essay will attempt to explore the relationship between the two from the definitions, causes, consequences and the solutions. Corruption can be defined as the abuse of public power for private gain. (World Bank, 2004) Corruption is attracting a lot of attention around the world, and is a growing international and regional concern. According to Corruption Around the world (Tanzi, 1998), in its end-of-year editorial on December 31, 1995, The Financial Times characterized 1995 as the year of corruption.
Political corruption has existed throughout the ages. It believed to be most prominent in positions of power, because of the role money plays in getting people power. However, over the centuries, corruption has changed so much so as to not match a particular definition of corruption, perpetually growing deceptively harder to find (Ebbe).