For years corruption has been dismissed as a cultural phenomenon prevalent in developing countries mirroring low salaries weak infrastructure disorganized administration & unstable political conditions What this theory fails to explain however is why so many western multinational corporations have been involved in corruption scandals in recent years
- even though most of these companies ostensibly had anti-corruption programs & monitoring systems in place This book considers corruption in the business world in its broadest sense including bribery & petty payments nepotism & cronyism gift-giving embezzlement of public property & money laundering It then explores corrupt behavior across different sectors in more detail in an effort to understand how corruption varies by industry While a number of books dealing with corruption have been published over the years little attention has been paid to the specifics of corruption in different industries & economic sectors With contributions from some of the leading global experts in business ethics & law this handbook will be an essential resource for both scholars & practitioners