Bribery and Corruption in International Trade Essay

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Bribery and corruption is a way of life in many countries. These practices affect the way international business is regularly conducted. However, in most of these countries, it is illegal to offer or receive bribes or engage in corrupt practices. Yet corrupt practices are a part of the ‘culture’ of ‘doing businesses. Unless companies ‘conform’ to such practices, in many cases, international business cannot be transacted.

This essay will attempt to provide discussion about bribery and corruption in international trade example in vary different point of view in according to the principal ethical system suchlike religious, philosophical and ‘natural’. It will be analyse the case of Siemens bribery scandal related to ethical issues.

Bribery is a most important issue of concern to many companies. Incident of bribery vary across many countries but everyone has a different concept about it as Hong Kong and Greek managers are less critical of bribery in certain situations than Americas. Paying bribery carries with it a great risk to damaging the company reputation with the country which the briberies are paid and at home. Moreover, there is also the risk that the corporate culture of the company will become more open-minded of several of other practices at the legal issues. There is also evidence to suggest that those countries with the reputation for bribery and corruption damage themselves as it reflects in their economic growth has a low rates for high level of corruption suchlike Nigeria.

Corruption can be grand in which run through government ministers, head of state and senior officials, it is al about distortion of decision making “where there is a lot of government, there is a lot of bribery.” (The Economist 2006 p132). O...

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Bowie, N 2006, The Blackwell Guide to Business Ethics, 2nd Edition, Oxford, UK

George, R 2006, Business Ethics, 6th Edition, Pearson Prentice Hall, New Jersey, USA

Hill, C 2007, International Business: Competing in the Global Marketplace, 6th Edition, McGraw Hill International Edition, New York, NY

Moon, C & Bonny, C 2001, Business Ethics: Facing Up to the Issues, 1st Edition, Profile Books Ltd, Great Britain.

Pearson, G 1995, Integrity in Organisations: An Alternative Business Ethic, 1st Edition, McGraw Hill Book Company Europe, Great Britain

Rugman, A & Collinson, S 2006, International Business, 4th Edition, Prentice Hall, England, UK

Sternberg, E 2000, Just Business: Business Ethics in Action, 2nd Edition, Oxford University, Great Britain

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