Bribery and Corruption

ITheres no doubt that corruption, endemic in emerging economies virtually the world, throws economic development into chaos. It affects decisions made by bureaucrats, degrades the quality of those in power, and discourages foreign investment. Its also an increasingly hot business topic, with a growing number of influential business and political leaders from around the globe regularly pinpointing corruption as 1 of the greatest threats to global economic development Corruption and bribery fork over moved to the forefront in discussions about business, says Wharton legal studies professor Philip M. Nichols. The list of countries that have been politically or economically feeble by corruption continues to grow, and businesses with long-term interests abroad will eventually be harmed by any plans that include bribery. Nichols, the author of much than 10 studies and theoretical writings on the implications and mechanics of corruption, has washed-out the past ecstasy studying corruption in such nations as France, Belize, Russia, Kazakhstan, and Bulgaria. Most recently, he examined perceptions of corruption in Mongolia, where he lived for a year while studying and teaching on a Fulbright Scholarship. In September, Nichols offered anti-corruption strategies to entrepreneurs at a national multitude in St.

Petersburg, Russia. Last month he led a weeklong seminar on corruption in Tashkent, Uzbekistan run by the Resource Network for Economic and Business Education. A decade ago, corruption was not a proper subject for elegant scholars or policymakers, Nichols and his co-authors wrote in a recent research paper. Today, the populace of and comment on anti-corruption regimes is a growth industry. Bribery, of course, is the most general form of corruption, and corporate strategies for dealing with bribe requests vary. According to Nichols, near companies opt to pay, sometimes damaging their public images and making it more difficult to refuse future requests. Others have... If you want to get a full essay, order it on our website: Ordercustompaper.com

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