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Corruption in International Business


Description: It is common practice to assume that business practices are universally similar. Business and social attitudes to corruption, however, vary according to the wide variety of cultural norms across the countries of the world. International business involves complex, ethically challenging, and sometimes threatening, dilemmas that can involve political and personal agendas.
Corruption in International Business presents a broad range of perspectives on how corruption can be defined; the responsibilities of those working for publicly traded companies to their shareholders; and the positive influences that corporations can have upon combating international corruption.

The authors differentiate between public and private sector corruption and explore the implications of both, as well as methods for qualifying and quantifying corruption and the challenges facing policy makers, legal systems, corporations, and NGOs, as they seek to mitigate the effects of corruption and enable cultural and social change.


Contents: List of Tables ix

Preface xi

Contributors xiii

1 Introduction: What Corruption is and Why it Matters 1
Sharon Eicher

2 Government for Hire 15
Sharon Eicher

3 When Shareholders Lose (or Win) through Corruption 31
Sharon Eicher

4 The Good and Evil Faces of Foreign Investment 47
Sharon Eicher

5 Quantifying the Immeasurable 61
Maks Kobonbaev and Sharon Eicher

6 Critiquing the Indicators of Corruption and Governance 81
Maks Kobonbaev, Donald Jacobsen, and Sharon Eicher

7 Corruption in Chinese Sports Culture 91
Benjamin Ostrov

8 Exploring Corruption in the Petroleum Sector 99
Maks Kobonbaev and Sharon Eicher

9 Risk Management – Playing By the Rules 113
Sharon Eicher

10 Changing the Rules: How the Transition Economy of Kyrgyzstan is
Reforming Public Corruption 129
Talaibek Koichumanov

vi Corruption in International Business

11 An Institutional Approach to Understanding Corruption in BRIC
Countries 143
Qiang Yan

12 Private-Sector Incentives for Fighting International Corruption 163
Ethan S. Burger and Mary Holland

13 Conclusion 175
Sharon Eicher

Appendix I 183
Appendix II 191
Bibliography 211
Index 239


Author Sharon Eicher is a Ph.D. in Development Economics (2002). Other degrees include B.A. in Political Science and Master's degrees in Islamic Societies, Central Asian Languages & Cultures, and Economics. She has taught Business and Economics courses at KIMEP in Kazakhstan and was Chair of the Department of Business and Economics at Bethel College in Newton, Kansas, in the USA. She now teaches at Friends University in Wichita, Kansas, as an Associate Professor of Economics. Sharon has been studying and traveling to the former Soviet Union since 1989. She lived and worked in Kazakhstan for several years where she met with advocates for small business development, befriended many business professionals in the commercial center of Central Asia, Almaty, and developed her understanding of corruption.


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