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Executive Summary During the previous era there has seen a vivid upsurge in public alertness of white-collar crime. The most common method of white-collar crime which ha stretched from countrywide to global heights is bribery. Nevertheless, even with this, worldwide bribery remains a significant development part which needs more investigation (Rollings 2008). The purpose of this paper is to: a) deliver a detailed acceptance of worldwide bribery; and b) offer information that could improve the study, discovery and deterrence of this crime. It is very important to understand the context in which bribery happens at the global level.
4. Kotkin, Stephen, and András Sajó. Political corruption in transition: a skeptic's handbook. Budapest New York: Central European University Press, 2002. Print.
Regarding Global Infrastructure Anti-Corruption Centre, corruption most of the times happen because some people are willing to use illegal ways to increase individual or corporate profit. For being a corrupt person, the actions have to be done in purpose. Furthermore, even living circumstances which can prevent people from being involved in such activities they are not discouraged from these, and continue with their illicit purposes. According to the last studies in 2010 by the anti-corruption agency (Transparency International) 178 countries were studied, 57 had serious corruption problems and 73 of them had “rampant” corruption (Lash & Batavia 2013, p. 1). Moreover, corruption has several impacting events that can slower the economy growth of a country, decrease the investment and make it difficult for other countries to invest in the countries where corruption is occurring.
Does international trade increase or decrease corruption? Challenging corruption has recently become one of the main priorities in a number of countries around the globe. Mainly because the negative effects of corruption have been widely recognized in practice and by the academics. The adverse effects of corruption vary; in developed countries corruption is relatively curbed; however in the underdeveloped world corruption usually accounts for enormous amount of the Gross National Product. There are a number of different approaches to fighting corruption as well as there are different causes of it.
The increase in recent years in the number of countries with democratic systems and the freedom of the media have created an environment in which to discuss corruption is no longer a taboo. International financial institutions and non-governmental organizations have contributed in the awareness of the economic costs of the phenomenon. With globalization, the frequency of contacts between countries where corruption is endemic has multiplied. In this paper I will be talking about the growth of corruption, factors that promoted it, its effects, and how to fight this monster. Corruption is a phenomenon that did not arise yesterday, it appeared several years ago.
Washington DC: The International Bank for Reconstruction and Development/ The World Bank Argandona, A., (2003). Private-to-private corruption. Barcelona: IESE Business School. Retrieved from http://www.iese.edu/research/pdfs/DI-0531-E.pdf Argandona, A., (2005). Corruption and Companies: The use of Facilitating Payments, in Journal of Business Ethics, 60, 251-264 Nwabuzor, A., (2005).
The idea behind this theory is as follows; large quantities of these valuable resources lead to an increased threat of corruption. Resources discovered in these countries present valuable opportunities for individuals to capitalize on the situation and make a profit. In many cases this could lead to corruption in the government as politicians and bureaucrats attempt to join in on the wealth, allowing for these crimes to go unnoticed. Frequent studies have shown that the oil, gas, and mining industries account for the most global corruption. Companies within these industries were more frequently linked to bribery than any other industry.