...weaknesses of globalization and corruption in the world that we are currently living based on the mixed economic worldview which is my personal economic worldview which threatens to undermine the stability of economic and political development on both a national and global scale, and which requires both immediate and wide-ranging policy interventions. The recent concern with corruption is attributable, not to any substantive increase in corrupt practices, but rather, to the re-framing of corruption in light of broader shifts and transformations within the global economy. The historical context of globalization covers centuries. This paper reviews the types, forms as well as the consequences of corruption. The paper also reviews the issues associated with globalization and the effect it has on the lives of various individuals. It questions the view that, under certain conditions, corruption may enhance efficiency and argues that though corruption may benefit powerful individuals it will indubitably lead to greater inefficiency and a waste of resources at a macro-economic level. Table of Contents ABSTRACT i INTRODUCTION iii BACKGROUND iv Forms of Corruption vi 1.1 Bribery vi 1.2 Theft and fraud vi 1.3 Embezzlement vi 1.4 Nepotism vi 1.5 Conflict of Interest vi 1.6 Favouritism vii Types of Corruption vii 2.1. Grand corruption vii 2.2 Political corruption vii 2.3 Corporate corruption vii 2.4 Administrative corruption vii 2.5 Petty corruption vii 2.6...
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...Globalization and our Responsibilities Vanessa Strachan Saint Leo University Globalization and our Responsibilities Globalization Globalization is the integration of the world’s economies; it helps to increase productivity, which can raise the standard of living. It is driven by technology advancements in communications and transportation and motivated by the desire for free markets. “Globalization can be technological (the Internet), economic (trade, pro- duction), cultural (television). Globalization can also foster international solidarity. But the dominant view is that globalization means increased commercial relations between people of different countries” (Unknown, 2009). Globalization is the opportunity for developing countries to tap into the world’s economy, which will allow the opportunity to sell many goods to as many people around the world. Globalization includes markets and production. “Globalization of markets refers to the merging of historically distinct and separate national markets into one huge global marketplace and the globalization of production refers to sourcing goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production (such as labor, energy, land and capital)” (Hill, 2011). Globalization is an opportunity for big corporations as well as for small businesses; it is the movement of jobs, goods, finances, and investments. With the advancement of technology...
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...Executive Summary Corruption has long been a part of world economy, and still is today. It can come in the form of bribery, embezzlement, fraud, blackmail, or extortion and can be small-scale involving a sector of a company, or large-scale seeding through government or an entire market. More recently has been the rise of globalization and anti-corruption legislation and organizations, all of which pose a real threat to the existence of corruption and unethical corporate behaviour in international business. Risks of displaying unethical corporate behaviour such as bribery and corruption includes repercussions in the form of anti-corruption indictments or public relations disasters and reputation damage resulting from negative publicity surrounding poor moral actions. Some economists argue that bribery and small-scale corruption is essential to doing business in some host nations and market, and others argue that in the long term, participating in unethical behaviour has negative impacts on both the local economy and the parties involved. Multinational corporations constantly involved in international business dealings can do three things to stop corruption: (1) - have ethical standards or company-wide moral codes in place to avoid having employees involved in unethical corporate behaviour, therefore making anti-corruption legislation easier to regulate, (2) – they need to use their resources and effects on local markets as leverage to discourage corruption in any economy,...
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...Professor: Roseanne McManus 16th December 2014 Globalization and Terrorism Before the U.S was attacked by the terrorists on September 11th, the world was on one course addressing issues to do with climate and economic development. It was after this attack that humanitarian issues combined with terrorism started to hit on the headlines of the international communities. Today the international community has shifted its energy and concern on the security issues and geopolitics. Before this incidence, the world was moving steadily to realize the idea of globalization. Where in the world would turn out to be a village. Globalization has been celebrated by everyone across the continent thanks to the technological process available. Globalization was celebrated by all including the population at large for bringing social and economic homogenization including other benefits (Chenoweth 355-378). Terrorism has now become the global issue dominating all squares of life of each individual while globalization has been labeled a global process. Globalization of terrorism does not only mean the way terrorists work across the borders but also how globalization process has facilitated this process of terrorism (Kudryavtsev, et al 84-94). Like industrialization, people across the borders have to live according to globalization to save their future as most of people call it undeniable truth in life. As the process of globalization gains speed, the more terrorists are able to communicate...
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...to gather information about people and perceptions.The principal aim of using this method is to describe the degree of perception,as it existed at the time of the study. Moreover,the profile of the respondents and the data gathered were being analyzed,after which the results were described and interpreted accordingly. Subject of the Study Globalization has raised the salience of corruption as an area of academic study. The Workshop on the Study of Corruption aims to bring together faculty interested in the issue from across the University. Topics covered may include, but are not limited to, the emergence and spread of corruption in societies; the association of corruption with economic liberalization; the globalization of corrupt practices; culture and corruption; retail (individual) and wholesale (institutional) corruption; transparency and corruption; lobbying and corruption; anti-corruption activism and reform efforts; and anti-corruption as a business model. The workshop meets once per semester over lunch in a small group of about ten. Each meeting is led by a Harvard faculty member who is engaged in research or teaching of corruption-related issues. Typical pre-reading for the lunch includes a working paper, a book chapter, a teaching case, or a course syllabus. Occasionally, the faculty member leading the discussion may invite a non-faculty practitioner (such as an activist, entrepreneur, or lawyer) who can contribute to the conversation at hand. The goal for individual...
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...MGMT 422 – Management Concepts Term Paper Dr. Rogers Group: Globalization By: Troy Tolson Jr Romel Reaves Hector Gray Demonte Alston Globalization Globalization is the process of increased interconnectedness among countries most notably in the areas of economics, politics, and culture. Put in simpler words, globalization is growth on a global scale. A more common example of globalization is the fast food industry; sweeping across our nation especially, fast food, which has quickly become one of the richest corporations in the world. From first-hand experience, one can prove that through the years eating out, or eating on the go, has become far more common amongst American citizens as well as those in neighboring countries. The strength of need, or global demand for a product or service plays a major role in its global distribution. There is no exact date when globalization was said to have started but most studies claim it started around the 19th century. Although there is no set date, the history of globalization can be broken down into three waves or periods. The first wave began in 1870 and ended at the beginning of World War 1 in 1914. It was characterized by a decrease in trade barriers and an advancement in transportation technologies. This resulted in a major migration of about 10% of the world’s population. The second wave occurred from 1950 to 1980 during which multiple trade agreements occurred between developed nations,...
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...economic system that will provide solutions for weaknesses, advantages and disadvantages of corruption and globalization. Lot of politicians and economists argues about which economic system is good and better for a country. In this portfolio, communism will be chosen as an economic system that must be implemented. And solutions of how it can provide solutions against corruption and globalization will also be stated. Communism is a theory or system of social organization in which all property is owned by the community, state or government and each person contributes and receives according to their ability and needs. This economic system it’s implemented in some other countries and it is very successful. This economic system suggests that the state have ownership of all factors of production, namely land, capital, natural resources and businesses. Corruption can be defined as dishonest or fraudulent conduct by those in power, typically involving bribery or one would also say it is Wrongdoing on the part of an authority or powerful party through means that are illegitimate, immoral, or incompatible with ethical standards. Corruption often results from benefaction and is associated with bribery. Some people tend to say communism leads to corruption but that’s not entirely true because it is not communism per se that leads to corruption but it is lack of power that leads to corruption. Globalisation is the process by which businesses or other organizations develop international...
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...GLOBALIZATION AND ITS IMPACT ON BANGLADESH ECONOMY A thesis presented to the Faculty of the U.S. Army Command and General Staff College in partial fulfillment of the requirements for the degree MASTER OF MILITARY ART AND SCIENCE Strategy by RAHMAN MD FAIZUR, MAJOR, BANGLADESH M.D.S., National University of Bangladesh, 2004 Fort Leavenworth, Kansas 2005 Approved for public release; distribution is unlimited. REPORT DOCUMENTATION PAGE Form Approved OMB No. 0704-0188 Public reporting burden for this collection of information is estimated to average 1 hour per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing this collection of information. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden to Department of Defense, Washington Headquarters Services, Directorate for Information Operations and Reports (0704-0188), 1215 Jefferson Davis Highway, Suite 1204, Arlington, VA 222024302. Respondents should be aware that notwithstanding any other provision of law, no person shall be subject to any penalty for failing to comply with a collection of information if it does not display a currently valid OMB control number. PLEASE DO NOT RETURN YOUR FORM TO THE ABOVE ADDRESS. 1. REPORT DATE (DD-MM-YYYY) 2. REPORT TYPE 3. DATES COVERED (From - To) 17-06-2005 ...
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...I. Introduction In this big world, human race is widespread into many countries. The countries are divided into regions, after that the regions are divided again into cities. Finally, the cities are divided into territories. Each territory has different culture for instance, in a territory, people who wear short pants and crop tees are considered to be bad people. But in another territory, people who wear something like that are very usual. Even though every territory has different culture, but all of them will be united into one culture of a country. They have to follow and obey the rules of the country otherwise they will be considered as bad people. Because of that, this world has various types of culture that are adopted by different people. Still, even though every culture is different, we cannot judge the other culture is bad only because in our culture doing those behaviors are not considered as good things. The differences on culture make the leadership type of every country is different too. First we have to know what the meaning of leadership is. Leader is someone who gives positive direction to the organization and has the full responsibility of an organization. Leadership itself is the ability of someone to give directions to his or her organization in order to accomplish the mission of the organization. Not all people can have the ability to become a leader because by being a leader means that that person has a full responsibility of everything that has been...
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...State of Fear Thought Paper Terrorism is an extremely unfortunate subject that is nothing new to the history of civilization as we know it. Since the beginning of man, using fear as a means of control has altered many societies indefinitely. The Documentary State of Fear deals with the long war on terror that Peru was faced with. The living standards and right of Peruvians were very poor in particular regions of the country, and democracy seemed non-existent. The need to gain political power within the Peruvian region seemed to be the primary factor causing corruption and terror to thousands of people, and I will be discussing the relationship between democracy and security. The levels of human rights and social conditions were at an all-time low in the 1980’s as powerful regimes brainwashed Peru’s citizens as to what changes needed to be made for the country. We start the discussion of the documentary in Peru, where living conditions were extremely harsh for a majority of its inhabitants. A man named Abimael Guzman was the leader of a terrorist organization named the shining path. The ideology of Guzaman was to increase the living conditions of Peru’s poor members of society by recruiting an army to use violence against the Peruvian government to change the way of life. The problem was faced here was that Guzman was a very powerful leader, and gained enough hype throughout regions of Peru for its citizens to start a revolution. The Peruvian government was very corrupt at the...
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...DEMOCRATIZING GLOBALIZATION ZURIN MOHAMAD NOR University of Technology Mara, Institute of Graduate Studies, Kota Bharu, Kelantan, Malaysia mnzurin3003@gmail.com Abstract Decision making in a country represents an involuntary constraint on the sovereignty of the country in the process of globalization. The democracy system of the country may appear to be negative effects to the sovereign will of the people. The weaknesses of the democratic institutions and dependent economies on external sources will be suffering and vulnerable to the pressures of globalization. The strength of their democratic institutions, capacity to structurally diversify their economies and knowledge advances of their people itself toward development of their country can coping this democratizing issue in globalization. Keywords : Involuntary, globalization, democratizing 1.0 Introduction Globalization has been given many meanings in different contexts. One frequently encountered meaning is that globalization is the homogenization of peoples’ tastes and demand patterns around the world due to increased access to international communication of information about products and services as well as increased access to transportation of products and people across the borders (Carol Hammond and Robert Grosse). Globalization means that events in one part of the world have ripple effects elsewhere, as ideas and knowledge, goods and services and capital and people move more easily across border. Communication...
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...MULTINATIONAL MANAGEMENT COURSE OUTLINE (2007-09) The globalization of the world economy and the related liberalization of the Indian economy are radically changing the business landscape. The international capital flows into India have increased several-fold since the onset of liberalization; Indian companies are becoming multinationals in their own right--a trend certain to intensify in the coming years. All in all, multinationals are becoming more ubiquitous as an instrument of economic and business activity. The business leaders of tomorrow need to be trained today in the unique requirements of multinational management. It is toward this objective that the proposed course in Multinational Management is being offered. The course combines a number of sub-disciplines from the fields of social sciences and business administration. It is broad in sweep; its depth is pitched at the PGP level. The overall course is divided into four modules, as follows: Module I--International Business Context-- provides an historical perspective on globalization and presents a viewpoint on its future direction. It also covers some of the globalization drivers including international trade and investment and how they spawn multinational activity. The phenomenon of domestic and cross-border corruption and bribery, often an inherent part of such activities, is discussed. Finally, it postulates how countries and companies can develop competitive advantage and defines the implications...
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...Check Point: Business Ethics and Globalization Organizational Ethics and Social Responsibility July 12, 2013 Karen Heyse Globalization by definition is “the state of being globalized especially : the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets”. In knowing the definition of globalization it is there are many things that could be unethically incorrect in regards to globalization. First and foremost in regards to turning to a foreign country to be able to obtain cheaper labor can be a huge concern with globalization. The treatment of these foreign workers can be at times, less than human. Poor working conditions and poor working wages coupled with a work force that is considered corrupt at times makes for a very hostile work environment for the foreign labor force. Within the United States that are Child Labor Laws in place to protect young children from being forced into a work situation that could be considered unsafe as well as protects these children in making sure they are working a reasonable amount of hours, depending on the occupation. While in the United States these labor laws are in place, in other foreign countries they may not. Another ethical issue that can arise when taking a business global is the breakdown of the authority within the business. Is the chain on command being followed in the manner it should be. Is everyone aware...
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...world. This relationship provide wealth and progress along with adverse disputes within the relationship of countries (MacEwan, 2001). There are many reasons why companies covet to develop their business to other countries. There are many difficulties and a wide-range of benefits when a company expands globally outside of their cultural. When a company conduct business outside of their zone; research is required, patients, and a learning process. China and the United States has learned how to work international with business over the past years. The alliance between organizations, partnerships and private sectors has been the reason for the growth between the two countries. While concentrating on the customs, culture, language, anti-corruption and economic implications. You will explore the Chinese culture and its impact on local business structures. The comparison of China and the United States in regards to its cultural analysis will be provided, along with the implications for the United States businesses that wish to conduct business in China. Major Elements and Dimensions of Culture in China China Business Ethics Business ethics is the principal and standard that guides a company, it is very complex and the resolution are rarely black and white (Parboteeah & Cullen, 2013). According to Business Ethics in China it states, that business ethics in China has emerge and developed to the response of economic reforms. It is a combination of the soci-political system;...
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...This colonization left the country very weak, dispossessed of its resources and with a perpetrating corruption and bad governance left by the colonialist system. The many civil wars faced after 1997 shows it (three civil wars occurred until now). This led the UN to launch the world’s biggest peacekeeping mission in 1999, the MONUC. But the population is today still living in very bad conditions: in fact, according to the International Rescue Committee, 45,000 people are dying each month because of hunger or disease, and the Congolese are regularly ranked as having the lowest GDP per capita in the world. The situation is also still very unstable today because of this weakness, especially in the Eastern part of the country where armed groups...
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