The problem of corruption in emerging markets and how multinational firms respond

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Florida International University

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Present and discuss specific best practices of multinational firms to prevent and punish corruption by employees and suppliers of the firm and ensure ethical behavior within the company. The countries that I am going to talk are 1- Russia, 2- India, 3- China.

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Running head: CORRUPTION IN THE INTERNATIONAL MARKETS

Corruption in Multinational Organizations
Name
Institution

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CORRUPTION IN THE INTERNATIONAL MARKETS

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Corruption in Multinational Organizations
Introduction
The problem of corruption is an emerging issue in the world; corruption is the dishonest
conduct of those in power or any other person working in a certain firm practicing bribery
activities. In countries like Russia, India and China corruption is high and affecting the normal
activities of a country. Corruption is mostly experienced in multinational firms, institutions,
government cabinets, and many other ministries. For instance, in firms corruption occurs in the
following ways; it may occur between employees and suppliers in that firm. Of which maybe the
employee needs more money they may plan with the supplier for him to supply fewer goods but
at the records it should be stated more goods than those that are supplied of which the money that
the supplier will be paid, they will divide with the employee and this making the firms to go under
loss.
Employees may also plan to steal goods without the unawareness of an employer of which
they may plan to sell the goods at high prices than the fixed prices of those goods and thus
practicing corruption. Also in a firm, there may be (Hillman, A., & Eden, L., 2016) practices of
corruption like nepotism and tribalism. Of which the employers may practice tribalism by
employing people of their tribe and race, nepotism also occurs when the employer employs an
employee from his family or related. Employers too may practice corruption by paying more salary
to some employs and discriminating others. Employers may go to an extent of firing the employees
even with no reason. In some company that manufactures fake goods and selling them at a high
price like original goods knowing the effects, they are causing to customers and yet going on to
practice it.

CORRUPTION IN THE INTERNATIONAL MARKETS

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In a country like China, there are many multinational firms in manufacturing electronics,
cars, and spare parts. They export these things they produce to other countries so when these firms
are involved with corruption either by producing fakes goods or selling them at expensive prices
than is supposed to be, this will highly affect the country itself and other countries where they are
exporting them worldwide and thus they may lose the market. Corruption also may occur in
ministries in a country like in India it had highly increased in government firms and ministries.
For one to be in government he or she must pay money to the people in order to secure a
place and even during application of jobs, one has to pay some amount In order to get a place of
work without considering one ’s performance in that field. Hence those who have qualified are not
considered, this might lead to a loss in a company since they have employed persons who are not
competent and qualified for the job.
Some ministries practice corruption by using the money they are given by the national
government for developing the country maybe by roads or health matters but they will end up
using the share with their own needs and luxury life and pay the involved workers to bribe in order
to silence them and sign that the assigned work is already done with the amount of money given
by the government. This practice makes a country like India to be low in development of
companies and lowering the living standards of people in that country.
A country like Russia h...


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