Bribery & Corruption

This case portrays the widely propagated and accepted phenomena of bribes and corruption in developing countries. Specifically how it affects every sector of the Ukrainian society, therefore making it difficult for the American investors to establish companies there and to prosper solely on doing good business. The case describes the types of obstacles and ethical dilemmas being created for the investors as a result of bribery and extortion.

India’s domestic business has seen high levels of corruption; more commonly the fraudulent behaviours and bribery of government officials and civil servants. This creates an unlevel playing field between domestic business and foreign business. Evidently this seemingly small issue of corruption could potentially tarnish India’s position as favoured destination of foreign investment (Mendiolaza, 2012).

Bribery has become a common term in the corporate world, specifically when international business deals are discussed. Until 1977, it was legal in the United States to bribe foreign officials in order to receive preference or a better business deal. But, the passing of the Foreign Corruption Practices Act of 1977 and its subsequent amendments made it a criminal act for any organization within the U.S. or foreign organization doing business in the United States, to practice any form of bribery and also required the President of the United States to engage other nations in creating similar laws. Since, many nations have chosen to band together against bribery and have formed the Organization for Economic Cooperation and Development that ultimately created the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions. This now makes it illegal to practice bribery in any of the countries that are part of this organization. While the United States and the world has come a long way in stamping out bribery, there are still some organizations that think they can get away with it but end up with massive fines and prison time. But, with so many nations banding together, one can still be hopeful for a world in which we can do business ethically with other ethical businesses around the world.

Ultimately corruption takes away from the total resource pie, which essentially takes away from the common populace. When a nation’s resources are fraudulently diverted, societal development and progress suffer across the board. Accordingly, nongovernmental organizations such as Transparency International concur with this assessment and also depict corruption as an anti-poor mechanism. Hence, corruption feeds into the cycle of poverty in developing nations, leaving the majority of wealth for the elite minority, while the majority of the populace lives in abject poverty. In the end, corruption and poor governance, combined with an abundance of accessible and valuable resources throughout the region provide ample motive for the generation of a power grab.

An approach to development focused on ‘anti-corruption’ and ‘good governance’ presumes that, because corrupt institutions are unattractive to investors, developing countries must adopt a mass of transparency and accountability practices in order to attract

What is the cause? What is the effect? These two questions can greatly impact the mind of a person and broaden their view on the subjects. One of which, is the age old issue of power and corruption. "It is said that power corrupts, but actually it's more true that power attracts the corruptible." --David Brin. Does power cause corruption, or does the corrupted attract and gain the power? The truth is that it is the power that causes corruption. Moreover, it is the idea of power that causes corruption.

Corruption is merely any form of dishonesty or unethical misconduct from a per-son or an authority and the misapplication of power for private gain. Corruption is both a national and regional concern that has gained a great deal of attention due to its cata-strophic consequences. Nevertheless, corruption is not a newly born phenomenon, from ancient Greece to modern Japan it is tremendously inflexible to uncover a generation in history that did not confront any kind of corruption, especially now at the time of intense globalization, when companies have abundant opportunities of investment and trade than ever before. It is undeniable that countries and companies are becoming interde-pendent on one another, which highlights that any form of corruption,

A bribe is to persuade someone to act in one's favor, typically illegally or dishonestly, by a gift of money or other inducements. Many companies have been accused of bribery within their organization. Some of America's most well-known companies have been accused of this crime. Famous brands we all know such as Johnson & Johnson, Hewlett-Packard, Tyson Foods, Ralph Lauren, Wal-Mart and many more have all allegedly been responsible for giving money or other benefits in exchange for favors that will bend the law. “Today, corruption costs the global economy some $2.6 trillion every year, or 5 percent of global GDP”, according to the World Economic Forum. In the United States, stricter enforcement has increased and more companies have been caught;

It would be convenient to start this research paper by stating that corruption is a challenge mainly for businesses in developing countries and that it is unrelated to the current affliction of the economy in the United States. It would also be convenient to claim corruption has declined in America as a result of awareness raising campaigns and the numerous anti-corruption laws. But none of those aforementioned statements would be true. Corruption is not the exception, but rather the rule in today’s business practices. In 2004, Daniel Kaufmann, a senior fellow at Brookings Institution and former director at the World Bank, calculated an index of "legally corrupt" manifestations which is defined as the extent of undue influence

Year 2011 UK Bribery Act of 2010 leads many organisations to re-evaluate their anti-corruption program, even do companies that have general policies and procedures to comply with the UK Bribery Act [Kenneth Clarke. (2011)]. This Act not only covers bribery of UK government officials but it also cover

Introduction: Corruption is becoming prevalent all over the world. Corruption hurts economies, people, and governments. Corruption is unethical, immoral, and illegal in many societies, religions, and countries. It needs to be stopped. Private organizations, United Nations, and some governments have attempted to stop corruption or at least have tried to prevent it. Corruption in Bangladesh: Corruption is talk of the town in Bangladesh now. It is not only a vice in Bangladesh but also in other countries of the world. But there are differences in the forms and results of corruption in different countries. A few specialists on corruption regard it as supportive to development. Corruption means committing crime and mischief to the country. It causes great harm to the countrymen. None can escape the harm of corruption. It is a social malady. It spreads its greedy

Corruption happens on many levels in human trafficking. A major corruption issue is the police where slavery is allowed to occur. Bales (2007, 38 – 42) describes a daring rescue of children from slavery in Uttar Pradesh, India. As the people who are rescuing these children take all the necessary steps of legal paperwork for a raid, they are aware that a corrupt policeman, at any time, could ruin the entire mission. The corrupt person would warn the person holding slaves and the slave holder would move the children to a different location. Bales (2007, 38) remarks that many police have “nothing to gain from rescuing children and much to lose.” The police ask many unnecessary questions and stall in an effort to discourage the reporting and raids. Bales (2007, 39) describes their, “agonizing slowness” and “disinclination to help.” The police, “stand around looking bored” (Bales 2007, 39). While this narrative is of this specific instance, it is a typical reaction by the corrupt police.

In a democratic system like India, the role played by the judiciary is of paramount prominence. The judiciary, through its immaculate reasoning ability helps to keep a democracy proficiently running, and this is perhaps one of the causes why the Independence of the judiciary is the cornerstone of India’s democracy. Transparency and accountability- these are two fundamental words which help in instituting a system of good governance in any country. Statistics and studies have shown that where there exists a veil of secrecy, there exists corruption. And as depressing as it is, the one body which adjudicates on corruption and lays down guidelines to prevent such corrupt activities has been affected by corruption itself. The reason why the collegium system was criticized and the government wanted to remove it was this very reason; it was injected and filled with corruption. The collegium system had no room for transparency, thus it eventually led to activities of corruption and nepotism taking place. Such acts of corruption, nepotism etc. would in the long run affect the judiciary and the stability of the government. The NJAC Act was introduced in the light of these events to overcome these issues and to provide a more dependable and stable mechanism to the appointment of judges to the High Court and the Supreme Court of India. After the National Judicial Commission Bill was introduced in the Lok Sabha on August 11, 2014 by the Hon’ble Law minister Mr. Ravi

Thailand is one of the most beautiful places in the world. It’s full of beautiful beaches, cities and wonderful food, however it is also home to a great amount of corruption. I like to believe that the corruption in Thailand is caused by globalization, the process where businesses or organizations gain international influence. Therefore this research is based off of the question how are big corporations responsible for the corruption in Thailand? Big corporations are responsible for the corruption in Thailand because of bribery and violations of the Foreign Corrupt Practices Act.

Corruption is a complex political, social, and economic anomaly that negatively affects developing and developed countries. It weakens democratic institutions, holds economic development, widening the rich-poor gap and certainly leads to governmental instability. The World Bank definition of corruption states that “…the abuse of public office for private gain”.