Abstract
This paper examines corruption from the perspective of business ethics. It is known that corruption negatively affects the development of countries in several ways: it reduces growth, chases away foreign investors and channels investments, loans and aid funds, the so-called White Elephant Projects. Corruption has a very high price for the poorest, who are denied access to basic goods and services, and this paper shows that the poor suffer the most from corruption. Based on the annual index provided by Transparency International, it can be observed that, in general, some of the richest countries in the world (like: Finland, Denmark, New Zealand, Canada, Iceland, Singapore and Sweden) consistently record a low level of corruption.
Highlights
Ethics in international economic affairs is that part of business ethics whose object of activity is moral issues that arise at the international level
Corruption is seen as part of the business culture in Romania, since people still find it acceptable to either do a favour, or to give a gift or money to obtain something from the public administration
The methodology for calculating the index is based on a number of country-specific investigations, and the composite that can be obtained in the end is between 10 - "very clean" and 0 - "highly corrupted"
Summary
Ethics in international economic affairs is that part of business ethics whose object of activity is moral issues that arise at the international level. According to a widespread understanding, international business ethics refers to the ethical dimension of any business relationship between two or more countries or between private partners in different states (emphasis is placed on the moral duties of transnational corporations) (Frederick coord., 2001). The central theme of the debates on ethics in international economic affairs is represented by multinational companies. The more the countries around the world in which a company operates, the stronger and more impossible to ignore the cultural challenge that managers face it is. Ethics in international management must take into account both the universal values, generally valid worldwide, and those specific to a particular culture or part of the world in which the company operates. The range of ethical issues raised by multinational corporations mainly concern issues such as bribery and corruption, the exploitation of the labour force of minors in poor countries, or environmental pollution
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