Corruption International Business Essay

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

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