The invention of modern technology has opened up the world to business and interaction among countries. There are many multinational companies with branches in several parts of the world. However, issues dealing with differences in cultural and business practices in different parts of the world continue to be major concerns. There are significant differences in how cases of theft, embezzlement, bribery, and extortion are dealt with in the various countries.
Beginning with the United States, the aforementioned issues are classified as corruption cases. Generally, the law defines them as issues involving the use of underhand methods to favor others and discriminate against others (Ferguson, 2018). Additionally, people involved in such practices are more concerned about personal gain as opposed to rules of fair play. The FBI, which is the main investigatory organ in the United States, is charged with the responsibility of investigating both domestic and foreign corruption claims (Ferguson, 2018). Corruption cases are serious crimes under the federal law. As such, people suspected of such crimes are expected to step down from their responsibilities and answer to charges levelled against them. If found guilty, the culprits face prison sentences.
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On the contrary, some Asian countries do not take very stern action towards corruption cases. For instance, in Japan it is allowed to provide some incentive to have your transactions processed faster (Tarling, 2007). Such incentives are not regarded as bribe because it is a normal cultural practice. By the United States’ definition, such practices are regarded as corrupt acts because people who do not provide such incentives have their transactions processed slowly. Such differences have an effect on global business transactions. The main reason is that the world market ceases to be level and fair. Companies and businesses that have immense financial power are likely to establish monopolies because they can use their power to influence those in authority to lock out other entities.
References
Ferguson, G. (2018). Global corruption: Law, theory & practice .
Tarling, N. (Ed.). (2007). Corruption and good governance in Asia . Routledge.
