Question 1
Rampant corruption not only affects the citizens but also creates a negative perception about a country to the foreign community and investors. A country with low integrity levels is regarded as unsuitable for business since citizens are seen as potential threats to business operations ( Mauro, 2015) . The Head of State, therefore, has to invest in fighting corruption as a way of building international trust. The fight against corruption is not easy, as it comes with the loss of close friends if they were beneficiaries of corruption. Corruption is one of the primary causes of poverty, no matter how much natural resources a country is endowed with.
As the Head of State, a leader is required to impose severe punishment for corruption offenses. At the same time, the judicial system must be independent and transparent for justice to be served, as a corrupt court will be bribed to let the offender free. The judicial system is integral in the fight against corruption, as those found culpable have to be indicted and convicted ( Mauro, 2015). In that way, there is an assurance that the corrupt will always be punished. All officers serving in public offices must also be chosen carefully. Any individual with a corruption case in the past should not be fit for public office. Public offices are the principal places in corruption due to a large number of people requiring service. The quest for preferential treatment often sets precedence for preferential treatment in public offices.
Delegate your assignment to our experts and they will do the rest.
Citizens must also be educated on integrity and the effects of corruption, as they are the controllers of social norms. Teaching children that corruption is evil as they grow up will instill a sense of morality in them. Once integrity is integrated into the citizen’s lives, they will not give or receive bribes. Cleansing the nation and ridding it of corruption will enhance the country’s image, thus attracting foreign investors. A nation’s ease of doing business and is evaluated by the national figures on the gross domestic product, the annual budget, the rate of development, and transparency reports ( Mauro, 2015).
Question 2
All businesses, no matter how small, must but be insured. Venturing into business is taking a risk. The risk is higher when the business is multinational. In addition to insuring the business, having lawyers who understand cross-cultural differences among the countries involved is essential. In some cases, the insurer may fail to compensate for the business due to a misunderstanding of the business practices of another country. Having a lawyer with an understanding of international relations is therefore essential before and after venturing into the business.
International lawyers focus on practice across borders to solve trade, business, and criminal cases ( Slaughter, Tulumello, & Wood, 2016) . They will serve to explain to the insurer what risks are involved, the logistics and chain of supply, the different policies of the countries that the products will pass through, to the destination. Such an understanding is crucial before signing the insurance costs, such that the insurance valuers attach the right value to the insurance plan, and the business knows the risk of their operations. The company may choose a lawyer from the country where the goods originate, their final destination, or both, depending on their assessment of the risk involved and the history insurance firms in the specific country have with international companies ( Slaughter, Tulumello, & Wood, 2016) . In a country where international companies are constantly in disagreement with businesses over compensation, it would be prudent to have a team of experienced international relations lawyers. International relations knowledge explains why different countries have varying business policies, and creates understanding between the international company and the insurance firms.
Question 3
In international relations, knowledge on the business policies of other countries, their economy, and the factors determining their rate of development is essential in understanding international economics. The knowledge is crucial when required to advise on what businesses are likely to encounter if they go past their borders. An understanding of the same also provides an insight into the differences in culture and social norms. The more comprehensive the knowledge of international relations professionals, the more relevant they are in their careers.
References
Mauro, P. (2015). Corruption and growth. The quarterly journal of economics , 110 (3), 681-712.
Slaughter, A. M., Tulumello, A. S., & Wood, S. (2016). International law and international relations theory: A new generation of interdisciplinary scholarship. American Journal of International Law , 92 (3), 367-397.
