Foreign corruption is a phenomenon that has existed for quite some time; however, it has become more prevalent over the last several decades. As discussed in the Harvard Business Case, corruption can be seen in different types of business including, sole proprietorships, partnerships, and corporations (including public and private businesses). Today, it has become clear that political leaders all over the world could have been receiving ‘kickbacks’ in several situations. This has trapped many countries in poverty and hindered sustainable growth. Wealthy nations also have experienced this situation, as well, especially the countries that invest in developing nations.
Corruption is the misuse of power and position and has a disproportionate impact on the poor and disadvantaged. Furthermore, it undermines the integrity of all involved and damages the fabric of the organizations to which they belong. Corruption laws may not always be enforced; however that does not justify accepting corruption practices.
Corruption is both a major cause and result of poverty around the world. It occurs at all levels of society, from governments, civil society, judiciary functions, military and other services. The impact of corruption in poor countries, specifically on the poorer citizens, is even more tragic.
The issue of corruption is very much inter-related with other issues. At a global level, the “international” economic system that has shaped the current form of globalization in the past decades requires further scrutiny for it has also created conditions whereby corruption can flourish and exacerbate the conditions of people around the world who already have little say about their own destiny.
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