Reviews how the World Bank has dealt with charges of corruption
Instructions: Chapter Six reviews how the World Bank has dealt with charges of corruption and transparency in the past. It also discusses how many global firms seek to do
Reviews how the World Bank has dealt with charges of corruption
Chapter Six reviews how the World Bank has dealt with charges of corruption and transparency in the past.
It also discusses how many global firms seek to do business for World Bank-funded projects.
Imagine you are the director of global business development for a large American engineering company that wants to win the contract to build roads in Kenya through a World Bank–funded project.
You need to develop a relationship with the Ministry of Transportation in Kenya.
Using what you learned in this chapter, discuss how you would handle a situation in which your firm wants to win the contract but has been directly asked for a bribe by a local official in charge of the decision making.
Imagine that your competitors are from other countries, some of which are less concerned about the ethics of gift giving as this book has defined it.
How can you still get business in such a situation?
What would you advise your senior management?
More Details:
The World Bank Group considers corruption a major challenge to its twin goals of
ending extreme poverty by 2030 and boosting shared prosperity for the poorest 40 percent of people in developing countries.
Corruption has a disproportionate impact on the poor and most vulnerable, increasing
costs and reducing access to services, including health, education and justice.
Corruption in the procurement of drugs and medical equipment drives up costs and can lead to sub-standard or harmful products.
Every stolen or misdirected dollar, euro, peso, yuan, rupee, or ruble robs the poor of an equal opportunity in life and prevents governments from investing in their human capital.