Developments At The International Level Essay

Developments At The International Level Essay

Length: 752 words (2.1 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Developments at the International Level

There are greater calls for more integrity and better accountability of multilateral organizations. For example, the UN itself is currently under investigation about its now defunct Iraq Oil-for-Food Programme. But independent of this, the UN had already launched an organizational Integrity Initiative in 2003. The World Bank and other international financial institutes have also received calls to improve their accountability systems.
The successful negotiation of the UN Convention against Corruption by 2003 portends a new era of international cooperation in this area. The United Nations Convention against Corruption was agreed on by an Ad Hoc Committee, established by the General Assembly in December 2000. As of May 2005, 120 countries have signed and 22 ratified the Convention. The Convention will enter into force when 30 countries have ratified it. A Conference of the States Parties has been established to promote and review implementation. The Conference will meet regularly and serve as a forum for reviewing the implementation and for facilitating activities required by the Convention.
The United Nations Convention against Corruption is the first legally binding global instrument related to corruption. As mentioned above, previously existing instruments are regional and designed to operate in a more limited environment. From a substantive view point, the Convention broke new ground with its provisions on asset recovery and prevention. Given these innovations, the Convention devotes an important part to fostering international cooperation with specific measures such as extradition and mutual legal assistance. It also recognizes that the problem of corruption goes beyond criminal conduct ...


... middle of paper ...


...ey should apply suitable safeguards to corruption, including payment of adequate public sector wages. Companies should adopt and implement codes of conduct and compliance programs. The construction industry should adopt sector-wide integrity agreements. And investors should avoid joint ventures with companies that do not comply with anticorruption laws and regulations. Finally, major construction projects should be subject to internal as well as external monitoring by civil society.
But treaties and transparency mechanisms would remain on paper only, as has happened in the past, without implementation and enforcement. The rapidly changing socio-economic environment, especially the growing demand for transparency, all around the world requires that governments review and adjust their laws and mechanisms to ensure that actual behaviour corresponds to what is expected.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay on The New Sovereignty in the International System

- THE NEW SOVEREIGNTY IN THE INTERNATIONAL SYSTEM THE NEW SOVEREIGNTY IN THE INTERNATIONAL SYSTEM How have connections that have formed below the level of the state influenced the Westphalia notion of sovereignty. Westphalian sovereignty as defined in the classical model cannot remain anymore in the international system because of the changes that have occurred in international relations. Nowadays the anarchic states are connected to each other. Any move by one of them, is felt by all the others....   [tags: International Relations]

Better Essays
2570 words (7.3 pages)

Essay on The International Monetary Fund ( Imf )

- The International Monetary Fund (IMF) The International Monetary Fund (IMF) was established in 1946, along with the World Bank. The IMF was developed to promote all monetary cooperation and remedy economic problems incurred during the post - war reconstruction period (Baylis; 2008: 245). The IMF was therefore considered as the “rule keeper” and an important component in public international management. In the pursuit to stabilise the exchange rate system, the IMF reserves the authority to change exchange rates....   [tags: World Bank, International Monetary Fund]

Better Essays
1780 words (5.1 pages)

Essay on International Norms And Financial Assets And Liabilities

- The present work looks at the comparison of different types of international norms applied to financial assets and liabilities. Such use is intended to adjust the accounting to the “fair value” option. It is proper then, to count on the norms that have different accounting systems (the main two, based on IAS/IFRS and FAS) and on the different approaches used by the regulators as they apply the methods and principles of each one. At a time when the globalization of financial markets demands that its agents act with prudence, an approach that does not take into account the different characteristics of evaluation can induce deciding bodies in error....   [tags: International Financial Reporting Standards]

Better Essays
1072 words (3.1 pages)

Royal Caribbean International Case Analysis Essay examples

- 1. Introduction Deep-sea passenger transportation are amongst the most rapidly growing and evolving sectors in the hospitality industry(Wie, 2004, Douglas et al., 2010). As such, there underscores the need for strategy development to ensure the long-term success of firms in this industry. This report would focus on Royal Caribbean International's operations in Singapore, and analyze it based on its external and internal environments, while concluding with a recommendation of strategies that could be adopted as part of the organization's long-term strategic trajectory....   [tags: Royal Caribbean International]

Better Essays
1894 words (5.4 pages)

Analysis of the Importance of Domestic Policies to International Relations

- The American drone attacks to Iraq in 2002, China’s refusal to cooperate with former US President Richard Nixon in 1989, and India’s rejection of the Nuclear Non-Proliferation Treaty in 2005, were said to be a quest to protect national interest. Events in the international environment can be unclear, especially when they do not correspond to the ideologies the countries involved claim to advocate. Domestic politics comes before international relations, and countries typically would not risk national interest over a foreign policy....   [tags: domesic policies, international policies]

Better Essays
2300 words (6.6 pages)

Human Rights in Latin America and International Factors Essay

- The current century has witnessed immense improvement and re-conceptualization of standards and sovereignty of human rights in Latin America. With the endemic repression and violations of human rights throughout Latin American in the mid to late 20th century, the International human rights regime, an amalgam of international and intergovernmental organizations and bodies, expanded exponentially. By conducting investigations within certain countries, or simply monitoring overt violations of human rights, the international human rights regime stimulated global awareness of violations of human rights in different countries; soon to follow was change in domestic policy in response to internation...   [tags: regionalization of international standards]

Better Essays
1040 words (3 pages)

Recent Developments in the Emerging Markets of Latin America Essay

- Recent Developments in the Emerging Markets of Latin America 1. In the LAC region, growth is moderating after reaching a 24-year high in 2004. (Figure 26) Nonetheless, projected growth rates of about 4 percent in 2005 and 3¾ percent in 2006 are still well above historical averages. Recent growth performance has been supported by the continued strength of global commodity and raw material prices that have boosted terms of trade and exports receipts. Mexico and countries in South America have gained, in particular, from the surge in fuel, food, and metals prices, and have generally been able to exploit these opportunities by expanding volumes-in some cases very substantially....   [tags: Developing Countries Economics Market]

Free Essays
1424 words (4.1 pages)

International Mobility Essay

- International mobility is a term that has been adopted by LVMH to regard moving their employees on international duty (Mamende, 2008). This is however based on the how the same cannot be impended by other factors. The impediments can either be personal or systematic. While the former involves issues like physical and psychological ability of the person who intends to be mobilized, the latter is in regards to issues like finances, political atmosphere, laws, amongst others. It has been credited for being a steering factor towards innovation and creativity....   [tags: Business Management ]

Better Essays
2645 words (7.6 pages)

International Marketing of The Luton Development Agency Essay

- International Marketing of The Luton Development Agency The object of this report is to relate theories and principles of international marketing to the specific characteristics of the Luton business environment. Using the example of the Luton Development agency, relevant theories and issues can be applied in a realistic context. In order to do this a detailed analysis of the Luton business environment is required using a PEST (political, economic, social and technological forces) analysis among other techniques to identify and evaluate the environmental forces that may affect a business....   [tags: Papers]

Better Essays
1402 words (4 pages)

International Marketing Essay

- The International marketing is defined as performance of business activities including price, promotions, product and distribution decision and then the task of marketing research is to systematically collect data, process it in to valuable information which is vital for marketing decision. The information of host country on political stability, cultural attributes and geographical characteristic are required for sound for foreign markets. Information on economic general data on level of growth, inflation levels, business cycles and the levels of competition in that particular industry....   [tags: Business Global Marketing]

Free Essays
1654 words (4.7 pages)