The objection of this study, loosely, is to identify the causes and effects of corruption in international business transactions, the meaning of (corruption in) international business transactions and how can we detect, prevent, minimise or even resolve the problems. Thesis question: Is corruption in international business transactions an accepted norm that is tolerated globally? How has it come to be so, what harms has it done and what can we do about it?
Table of Contents
Proposal/Abstract:
1. Introduction
1.1 What are international business transactions?
1.2 What is corruption?
1.3 Types of corruption in international business transactions
2. Corruption in international business transactions
2.1 The causes of corruption in international business transactions
2.2 Actors involved in corruption in international business transactions
2.3 The effects of corruption in international business transactions
3. Conclusion
3.1 Corruption as a constraint in international business transactions – The fight against corruption
3.2 Roles of national and international, governmental and non-governmental organisations in detection, prevention, minimisation and/or resolving corruption in international business transactions
3.3 Proposal for solution to minimise, resolve and prevent corruption in international business transaction
4. Summary
Objectives and Core Themes
This study aims to identify the underlying causes and economic effects of corruption within international business transactions, while exploring the definitions, detection, and preventive measures to resolve these pervasive issues. The central research question examines whether corruption has become a globally tolerated norm, its negative consequences, and potential strategies for mitigation.
- Typology and definitions of corruption in international business
- Root causes of corrupt practices in global economic transactions
- Analysis of key actors, including high-level politicians and corporate executives
- Economic impact, including market distortion, rising costs, and employment loss
- Evaluation of anti-corruption instruments and institutional interventions
Excerpt from the Book
1. Introduction
In recent years, global awareness of corruptive practices or rather corruption as such has increased enormously. In the past few years corruption in the political scenes such as scandals, immoral practices, etc., to name just a few, comes into light for the public. However, corruption does not exist only in the politics but frankly corruption is everywhere. When one takes a closer look at what actually goes on in everyday lives, one encounters minor or even major corrupt activities in every social strata, be it in the politics, work places, households or even between schoolchildren.
One of the area which is most susceptible to corruption is the business arena, especially international business. Where exchange or transaction occurs in international business, it is highly possible that there will be corrupt practices parallel to this transaction, be it the so-called “speed money” or “grease money”, which would be used to speed up bureaucratic processes between enterprises and government institutions, or ranging from nepotism and patronage to red-tapes corruption, kick-backs and rent-seeking, etc., to name just a few corrupt practices.
In this study, a short look at the typologies of corruption and international business transaction will be taken. Which will then lead on to the analysis of the emergence of corruption in international business transactions, its actors and its effects. As a conclusion, an attempt to solve, lessen and prevent further corruption using different instrumentations and institutions will be proposed.
Summary of Chapters
1. Introduction: This chapter provides an overview of the rising awareness of global corruption and introduces the business arena as a highly susceptible environment for corrupt practices.
2. Corruption in international business transactions: This section explores the causes of corruption, identifies the key actors involved—ranging from politicians to corporate leaders—and evaluates the damaging economic effects of these practices.
3. Conclusion: This chapter discusses the fight against corruption, detailing the roles of various organizations and proposing solutions to minimize and prevent future occurrences.
4. Summary: The final chapter synthesizes the main findings, emphasizing that corruption is a deeply embedded norm requiring urgent collective action.
Keywords
Corruption, International Business, Bribery, Grease Money, Grand Corruption, Transparency, Economic Growth, Anti-Corruption Measures, Corporate Governance, Institutional Reform, OECD Convention, Transparency International, Money Laundering, Ethics, Public Policy
Frequently Asked Questions
What is the fundamental focus of this study?
The study focuses on analyzing the nature, causes, and impacts of corruption within international business transactions and exploring potential solutions.
What are the central thematic areas covered?
Key themes include the typology of corruption, the actors involved in grand corruption, the economic consequences such as market distortion, and the role of international anti-corruption frameworks.
What is the primary research goal?
The goal is to determine if corruption is a tolerated global norm, assess the harm it causes to global economies, and evaluate mitigation strategies.
What methodology is employed in the work?
The work utilizes a combination of theoretical analysis, examination of empirical case studies, and a review of existing international policy instruments and institutional frameworks.
What topics are discussed in the main body?
The main body examines the roots of corrupt behavior in businesses, the mechanisms of "grease money" and "black checkouts," and the effectiveness of organizations like the OECD and Transparency International.
How would you characterize this work through keywords?
The work is characterized by terms like international business ethics, anti-corruption, institutional transparency, and economic impact analysis.
How does the author explain the persistence of corruption?
The author argues that corruption is often driven by a decay of values, insufficient legal prosecution, and a systemic control deficit, making it a difficult wildfire to extinguish.
What is the significance of the "Yaciretá Dam" case study?
It illustrates the massive inflation of project costs and the long-term economic damage caused by corruption in large-scale international infrastructure contracts.
Why is transparency highlighted as a solution?
Transparency is identified by experts as the most effective tool to detect corrupt acts, hold offenders accountable through prosecution, and restore integrity to business processes.
- Quote paper
- Vee Wuthi-Udomlert (Author), 2002, Corruption in international business transactions, Munich, GRIN Verlag, https://www.grin.com/document/21247
