Baker Hughes

In: Business and Management

Submitted By nicoleta30
Words 1039
Pages 5
FOREIGN CORRUPT PRACTICES ACT

1. Discuss the economic and social impact of brides and other similar payments in emerging economies.
Corruption can take many forms and can be found in many countries, but mainly in the emerging ones. The main form of corruption is the bribery in the form of payments demanded by the government or ministry officials in exchange for a favor (granting a service, awarding a business).Corruption affects all the businesses that interfere with the government, but studies have shown that certain industries are more exposed to it. These industries are construction, airline manufacturing, power plants, and oil and gas production. In emerging economies the impact of bribes and other similar payments can affect the economic development of the countries. It can affect the decision made by those in power; the quality of these decisions and can also affect the foreign investments by reducing the inflow of foreign direct investments.
Once a company decides to make these payments it will damage its public image and it will make it very difficult for the company to refuse these payments in the future.
In countries with a high level of corruption people lose their trust in the government, in the efficiency of the legal institutions. There is a strong relationship between the quality of the state run institutions and public services and the people. The stronger tis relationship is the lower the risk of corruption will be.
2. Is the “optimal” amount of bribery payments for a company equal to zero?
I think that the “optimal” amount of bribery for a company should be zero or at least close to zero. It is very hard to attain a level of zero bribery because the corruption is present in all the countries, at a higher or lower rate, and at all levels of the government. The optimal level should be zero because bribery as a form of corruption increases…...

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