Corruption and Globalisation Essay - 5195 Words

Corruption and Globalisation - Both of them have been so pervasive in recent years. According to a BBC survey, corruption ranked as the second biggest problem people concern in the world and globalisation ranked first. Are there any links between the two? To what extend they are related to each other? And what effect do they have? 1. Introduction Both globalisation and corruption are the words that have been used frequently in public debates all over the world in the last few years, and they are both complex concept. Globalisation is relatively new while corruption is an old one. Whether there may be any links between the two phenomena? And to what extend they are related? This essay will attempt to explore the relationship†¦show more content†¦The publications regarding the problems of corruption by those organizations have increased the awareness of the costs to the world of this problem. 2. Corruption and Globalisation Corruption has been around for a very long time. From ancient China to United States, from old Greece to modern Japan, it is hard to find an era in the human history where corruption doesn ´t exist. We are now at the time of very intense globalisation. International companies have much greater opportunities to trade and to invest than ever before. Countries are becoming more and more interdependent to each other. Communications are more efficient and information flow quicker. Globalisation can produce benefits, it can also bring risks. For example, the benefits may not be evenly distributed and therefore rich people become richer, poor people become poorer. It has been an increasingly serious question about the means of monitoring and regulating the way international firms conducting their businesses. While multinational corporations operating in emerging market countries, they will sometimes have to make a choice: they can act as good citizens, moral business that contribute to the country ¡Ã‚ ¯s economic growth and raise business standards in a long-term perspective, as well as help increase the local employment and economic; or, they may only focus on maximization of their profit alone in the short term, butShow MoreRelatedExamine the Effects of Globalisation on China1208 Words   |  5 PagesExamine the effects of globalisation on China The process of globalisation in China has been a rapid one. China’s exponential growth since the fall of Mao has lead to increased international influence – with China now operating on an international scale. Economically globalisation began in 1978 following Deng Xiaoping’s Open Door policy. This opened up China to foreign investment and the international markets. 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