Corruption : A Great Distress Business Industry

"No man can be a good citizen unless he has a wage more than sufficient to cover the bare cost of living, and hours of labor short enough so that after his day's work is done he will have time and energy to bear his share in the management of the community, to help in carrying the general load. We keep countless men from being good citizens by the conditions of life with which we surround them. We need comprehensive workmen's compensation acts, both State and national laws to regulate child labor and work for women," said 26th president of United States Theodore Roosevelt as he was explaining how industrialization had ruined people's lives ( Colby 515). Industrialization is defined as the large-scale introduction of manufacturing, advanced technical enterprises, and other productive economic activity into a society. Industrialization is a huge aspect of society and especially in America. After the American Civil War in 1861, a lot southern plantation owners were living in poverty because they lost their land. Emancipated slaves were also living in poverty because most them didn’t have a job, but as industrialization grew in America, more people were attracted to the cities up North. A lot of southerners and emancipated slaves traveled up North because of job opportunities. But this proved to be a horrible mistake. These people were working in gruesome conditions and were exploited. So the question is, what does industrialization do to a society? Industrialization causes

It is important for organizations to be aware that gifts are considered bribery and could present an issue and should be a consideration when soliciting business.

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.

Someone who is abusing the power that is given to him or her defines corruption, however, the word in its self is more than a simple idea; it is an intricate network. Since people’s views about ethical and moral behavior affect the way corruption is examined, the word has a slightly different meaning to each person. Additionally, misconduct across various societies is viewed differently due to social and cultural borders. The criminal justice system has had many instances where corruption had affected the outcome of a case and has inserted itself into the legal process.

The Gilded Age was an interesting time where the government implemented a laissez faire stance on companies and the economic world. Due to this stance there would be a frequent amount of unethical actions and policies applied to common practice for larger business. The bigger unethical players in the game included: the railroads, Tammany Hall, and even the Federal government itself.

As said in every economics class, the reason every business goes into business is to make money. The same can be said in criminal cases involving businesses. In the majority of cases, executives and people highly ranked in the company tend to bend the numbers in the financial/accounting areas of the business or corporation. They do not do this for fun, but rather to make money. Something needs to be done before corporations really get out of hand.

(Wells, 2011, p. 241). Bribery can come in many different forms but generally is defined as an act in which something of value is offered, given, received or solicited with the intent of influencing an official act. Illegal gratuities can be similar to bribes except these are usually given as a reward. Economic extortion is basically the demanding of money. “A conflict of interest occurs when an employee, manager, or executive has an undisclosed economic or personal interest in a transaction that adversely affects the organization.” (Wells, 2011, p. 242). These are not all corruption schemes that exist but have been determined to be more common than others and ones that should definitely be watched for when completing an audit or a full financial status review.

Bribery – it’s a form of corruption. This is the straightforward use of financial muscle to gain unfair advantage over others. An example would be attempting to gain planning permission by giving

Because power is a highly coveted asset, corruption is often intertwined with the journey in acquiring power. Because America has a two party system consisting of a Democratic Party and a Republican Party, there is much power to be obtained if one is able to secure a representative spot in either party (Tannahill 118). In particular, I believe representatives in the Republican Party are more concerned about their political seats and what power can be gained from their seats than doing what is best for their constituents. This can be seen in the public’s assessment of political parties and in the presence of crony capitalism.

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

Bribery can be defined as when one is offered money or some other incentive with the intention to corrupt a person’s actions.¬ Bribery is the main component, if not the basis, of government corruption.

Ahmad N. (2002). Corruption and Government Regulations : An Empirical Analysis. The Bangladesh Development Studies , Vol. 28, No. 4 pp. 29-51.

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).

Thesis Statement: In order to determine whether a moral issue is categorized as a bribe, the ethical concepts of bribery must first be defined.

The American Dream is characterized by the ideals of liberty, opportunity, and contentment. When an individual thinks of achieving the American Dream, they only see the light at the end of the tunnel and not the struggles that come with it. In the political fiction novel, The Jungle, Upton Sinclair portrays the effects of corruption and capitalism on the world. Sinclair does so by showing how depraved the capitalist government can be and how tremendously this affects the lives of the innocent. Three Lithuanian Immigrants by the names of Jurgis Rudkas, Teta Elzbieta Lukoszaite, and Ona Lukoszaite, migrate with their relatives to Chicago in hopes of living a poverty free life. It is common for immigrants who migrate to the United States to