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Business Ethics: Compare the most corrupt countries with the least corrupt countries

Corruption and Integrity

Corruption and corporate and personal integrity are increasingly important in the global economy we live in today. Many national and multinational companies face serious cultural dilemmas including corruption and honesty/ integrity issues.

Select two of the most corrupt/ low integrity countries in the world and two of the least corrupt/ high integrity countries in the world. A good source for researching this topic is found on the Transparency International web site: www.transparency.org.

Compare and contrast the most corrupt countries with the least corrupt countries. What are the trends in corruption for these respective countries? What are the major differences between the most and least corrupt countries you selected? What influence does culture play in the countries business ethics? What are the major ethical problems of the least ethical countries? What issues or actions favor the most ethical countries? What are possible ways to lessen the corrupt and unethical behaviors? How does your home country compare with the least and most ethical countries you selected? Please explain.

Solution Preview

The response addresses the queries posted in 1741 words with references.

//In this paper, two highly corrupt countries, i.e. Burundi and Venezuela, and two least corrupt countries, i.e. Finland and Switzerland are selected. In addition to this, it has described as to what are reasons behind their status as corrupt and non-corrupt countries. A comparison is also drawn with the United States, the home country.//

Introduction

In today's world, corruption is a widespread phenomenon across the world, and because of this, the business practices are deteriorating with every passing day. Corruption leads to lack of integrity in the businesses sectors of a country, resulting in the country's defamation. For the world to develop in a sustainable manner and without any sort of corruptions, it is a must that the demand and supply of corruption should be managed in a systematic and constructive way.

There is an urgent need to make use of tools and techniques that are supportive for the global businesses to set some mechanism to curb corruption, and enhance integrity and transparency. For the efficient working of the global businesses, it is necessary that some major initiatives should be taken up, by the private as well as public sector to eliminate the widespread corruption around the globe.

There has been a significant level of corruption in the private sector. National and multinational firms indulge in unethical practices like bribery and payment facilitation so that they can get favorable terms and conditions, for example, bribing the government officials to get a public sector contract. As per the Corruption Perceptions Index 2010, released by Transparency International, Finland and Switzerland are among the countries with the least corruption in the world; and Burundi and Venezuela are among the highest corrupted countries.

In this paper, a critical analysis will be done on the trends that prevail in these countries, which facilitate or discourage corrupt business practices. Some measures will also be suggested, which could prove helpful in eliminating the prevailing corruption. In addition to this, a comparison will also be made between the above mentioned selected countries and the home country i.e. the United States.

//Now, we will analyze the situation of corrupt business practices in Burundi. We will also analyze the established laws and regulations.//

Highly Corrupt Countries

Burundi

In the Corruption Perceptions Index 2010, Burundi stands at 170th rank out of 178 countries (Corruption Perceptions Index 2010, 2010). It has signed -

· African Union Convention on Preventing and Combating Corruption in 2003.

· The United Nations Convention against Transnational Organized Crime in 2000.

· It has also accepted the United Nations Convention against Corruption in 2006 (Global Corruption Report 2009, 2009).

There has been a link between the public and private sector as far as corruption is ...

Solution Summary

The solution compares the most corrupt countries with the least corrupt countries. The response addresses the queries posted in 1741 words with references.

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