Bribery and Corruption in International Trade Essay

1762 Words 8 Pages
Bribery and corruption is a way of life in many countries. These practices affect the way international business is regularly conducted. However, in most of these countries, it is illegal to offer or receive bribes or engage in corrupt practices. Yet corrupt practices are a part of the ‘culture’ of ‘doing businesses. Unless companies ‘conform’ to such practices, in many cases, international business cannot be transacted.

This essay will attempt to provide discussion about bribery and corruption in international trade example in vary different point of view in according to the principal ethical system suchlike religious, philosophical and ‘natural’. It will be analyse the case of Siemens bribery scandal related to ethical issues.
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The distinction between international and domestic corruption is that normally international is involved with grand corruption and petty corruption is involved in domestic corruption. “Bribery of public officials takes place to obtain government contracts or to get officials to do what they should be doing anyway”

The problem of countries that uses a legal basis for ethical behaviour is that laws vary between countries. Not all moral values are common to every culture and strong governments may try to impose their legal and ethical practices to the foreign countries.

Nevertheless, companies that do business with United States are facing difficult enforcement of laws against overseas bribery “there really is a firm belief that corruption undermines democracy and is bad for business” (Financial Times 2007 p5). It believes with all current merges and acquisitions have also led to more cases of bribery. The two managers of worked for Siemens in Munich Germany had been accused in laundered bribes to win Siemens business in some of the 190 countries in which it operates. “It is investigating $420m of suspicious payments to consultant over the past seven years.” (The Economist 2006 p79) consequently, Siemens announced new measures to show how determine it is to change its culture. The task for Siemens is to continue business as usual elsewhere.

Religion must be differentiating from ethics, if the business is to be able to concentrate on truly

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