Survey: Bribery Disrupting Expansions Into Third World

Jan. 13, 2005
Bribery is playing an increasingly disreputable role in the efforts of western industrialists to win large business contracts in the developing world, according to Transparency International (TI), a non-governmental group. In a new survey, TI says ...

Bribery is playing an increasingly disreputable role in the efforts of western industrialists to win large business contracts in the developing world, according to Transparency International (TI), a non-governmental group. In a new survey, TI says that among western industry executives, 65% believe low public-sector salaries are the prime cause of corruption; 63% listed immunity from prosecution as another incentive. TI reported that an anti-bribery convention adopted by the Organisation for Economic Co-operation and Development (OECD ) has had little impact in diminishing bribery. Thirty-eight percent of executives have never heard of the OECD pact. Defense, power, and construction industry deals are particularly rife with corruption. Executives questioned by TI also criticized the use of diplomatic and political pressure by western governments to win contracts for national companies. The U.S., France, and Japan were the countries most frequently cited for this behavior.

Popular Sponsored Recommendations

7 Crucial Steps to Improve Your OT Security

Oct. 23, 2023
Enhance OT security in manufacturing and production. Uncover the crucial steps to safeguard your operational technology. Protect against evolving threats and bridge the IT-OT ...

Legacy Phone Lines Are Draining Your Profits

Oct. 30, 2023
Copper wire phone line expenses that support emergency devices could be costing your company millions of dollars in wasteful overhead expenses. Rates have been skyrocketing while...

Gain a competitive edge with real-world lessons on private 5G networks

Nov. 16, 2023
The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

The Executive Guide to Best Practices for Ecommerce Integration

Oct. 2, 2023
Get ready to elevate your post-checkout experiences and thrive in today's unpredictable market. Learn why integration and automation are crucial to run operations more smoothly...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!