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Table of Contents IntroductionPage 3 Ethics Corruption in the United StatesPage 3 Corruption and the OlympicsPage 6 Corruption AbroadPage 7 Affects of CorruptionPage 8 Anti-Corruption Strategies Page 10 ConclusionPage 11 Back Up Materials Transparency International Global Corruption Report 2001Tab 1 Time Trail Article Italy The Mani Pulite ScandalTab 2 Economic Perspectives 1998 View from Stuart EizenstatTab 3 Promoting the Rule of Law and Anti-Corruption in a Globalized Economy Foreign Corrupt Practices Act of 1977Tab 4 Transition The Newsletter about Reforming EconomiesTab 5 Ethical Issues in Global Business Navigating the boundaries between right and wrong can prove tricky for companies that operate in several nations and across cultures Ethics is essential to economic development The field of ethics also called moral philosophy involves systematizing defending and recommending concepts of right and wrong behavior Business ethics is the study and evaluation of decision making by businesses according to moral concepts and judgments Ethical questions range from practical narrowly defined issues such as a companys obligation to be honest with its customers to broader social and philosophical questions such as a companys responsibility to preserve the environment and protect employee rights Many ethical conflicts develop from conflicts between the differing interests of company owners and their workers customers and surrounding community Enron Corporations fishy accounting practices the siphoning of profits at Adelphia Communications Corp allegations of tax fraud and lavish personal spending of company money at Tyco International and WorldCom Incs bid to hide billions of dollars worth of expenses are just a few examples of unethical activities Scandals and bankruptcies in the United States at companies like Enron and WorldCom Inc have focused attention on the abuse of the power entrusted to executives by shareholders employees and customers and they underscore the need for reforms to bolster business ethics The free enterprise system is based on transparency and integrity Transparency is being open to public scrutiny even for
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