Throughout the history of trade and business, there have always been alternative—and often unethical—ways of closing sales in the form of extra kick-backs and luxurious goods. In modern times these unethical incentives are referred to as bribes. More recently, the practice of bribery has been linked to high-profile corruption and fraud cases in the United States, rocking the international marketplace for companies such as Pfizer, Avon, Johnson & Johnson, and Daimler AG. However, many international companies actually welcome bribery as a way to compete with other companies in the global marketplace. When looking at bribery and its effect on the global market, it is important to discuss the ways in which businesses actually practice bribery, the ethical issues behind it, how it is used in the global market, the effects of United States’ laws enacted to prevent it, as well as the controversy behind the practice of bribery in general.
Thompson, Kathleen and Medina, Charlotte
Bribery and Controversy in the US and Global Market.
Undergraduate Review, 8, 126-132.
Available at: http://vc.bridgew.edu/undergrad_rev/vol8/iss1/23
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