Tapsearch Com EditorDark ethics in Global economic arena (LINK)
May 27th 2008 18:17
Globalization makes corruption universal. What was once compartmentalized is now globalized. Philosophy and religion seems to be mute about the problem. Ethics in the business world is something strange in the class rooms of our universities. Labor and work continue to be the stepchildren of philosophy and religion.
During the last few years, there were cases of corruption which gave the media enough scandal to write about for months. In the U.S., the Enron collapse and the subsequent collateral damage to Arthur Anderson, was the last corruption covered in any large fashion. In Europe, the plight of companies like Siemen and Volkswagen caught with top executives charged with bribery is ignored in the USA even though in the global economic arena all are affected. Bribery affects the poorest members of a community, damages the strength of supply chains and push investment into weak markets. The bribery charges against Siemen's and Volkswagen centered about the control of unions. In comparison, bribery in Europe is tame when it comes to what is happening in other places.
In the late 1990s, 299 trade unionists around the world were murdered for standing up for their rights. The U.S. closest trading partner in South America is Colombia. There 156 unionists were recorded as murdered alone. The call for more free trade goes on while these victims are ignored. In the USA, top corporations in the U.S. have other ways in destroying or preventing union representation too. Higher paid workers are now openly fired and cheaper workers are hired in their place. It is now part of the business and financial reporting of our times.
Here are some scandalous statistics about the edtical conduct in the business world.
46 percent fo top managers believe rule bending goes on in their business, while 93 percent believe that their business should comply with regulations.
France, Germany and the UK have had at least 15 major corruption scandals in the last year. ( 2006).
Up to 40 percent of businesses have lost out on new contracts because of rivals paying bribes.
76 percent of companies in Hong Kong believe they have lost business due to bribery.
-- -- --
Globalization breeds corruption because what was once decentralized is now centralized with universal corruption surfacing everywhere. In the process, the weaker or more honest channels are crushed. A culture of dishonesty flourishes in the global economic arena where survival of the fittest reigns. Who will tell our children why we let Globalization rob so many of their human dignity in the work place and the corporate board room.
Dark side of business corruption in Global economic arena
During the last few years, there were cases of corruption which gave the media enough scandal to write about for months. In the U.S., the Enron collapse and the subsequent collateral damage to Arthur Anderson, was the last corruption covered in any large fashion. In Europe, the plight of companies like Siemen and Volkswagen caught with top executives charged with bribery is ignored in the USA even though in the global economic arena all are affected. Bribery affects the poorest members of a community, damages the strength of supply chains and push investment into weak markets. The bribery charges against Siemen's and Volkswagen centered about the control of unions. In comparison, bribery in Europe is tame when it comes to what is happening in other places.
In the late 1990s, 299 trade unionists around the world were murdered for standing up for their rights. The U.S. closest trading partner in South America is Colombia. There 156 unionists were recorded as murdered alone. The call for more free trade goes on while these victims are ignored. In the USA, top corporations in the U.S. have other ways in destroying or preventing union representation too. Higher paid workers are now openly fired and cheaper workers are hired in their place. It is now part of the business and financial reporting of our times.
Here are some scandalous statistics about the edtical conduct in the business world.
46 percent fo top managers believe rule bending goes on in their business, while 93 percent believe that their business should comply with regulations.
France, Germany and the UK have had at least 15 major corruption scandals in the last year. ( 2006).
Up to 40 percent of businesses have lost out on new contracts because of rivals paying bribes.
76 percent of companies in Hong Kong believe they have lost business due to bribery.
-- -- --
Globalization breeds corruption because what was once decentralized is now centralized with universal corruption surfacing everywhere. In the process, the weaker or more honest channels are crushed. A culture of dishonesty flourishes in the global economic arena where survival of the fittest reigns. Who will tell our children why we let Globalization rob so many of their human dignity in the work place and the corporate board room.
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