Long-lasting Bribery in China

Paper Summary:

The most common type of white-collar crime, bribery, also known as corruption, occurs in many different business environments. In particular, this paper looks at how China has put a lot of effort into enforcing the law related to three kinds of bribery, which are bribery of foreign officials, bribery of public officials and commercial bribery.

From the Paper:

"Bribery of foreign officials has made it easier for China to go into foreign markets. Other than local development, overseas development and foreign direct investment of Chinese companies are increasing at a rapid rate. According to the article "China and India 'Top Bribe List'" on BBC News on October 4th, 2006, anti-corruption group Transparency International (TI) puts China and India in the list of countries that are most ready to pay bribes to other countries, which are usually less developed countries. Other than China and India, Russia, Turkey and Taiwan are just below them in the ranking (BBC). This shows that international anti-corruption laws in these countries are not being effectively followed and regulated by the government. "

Sample of Sources Used:

• Barboza, David. "A Chinese Reformer Betrays His Cause, and Pays". World Business. Business. New York Times. 13 July 2008. 31 January 2008. <http://www.nytimes.com/2007/07/13/business/worldbusiness/13corrupt.html?pagewanted=all>
• Beckman, Michael. "Bribery Helps China Buy New Friends Overseas" "Beijing snares 102 high-level officials over bribery." Regional. China. China Daily. Xinhua. 24 January 2008. 31 January 2008. <http://www.chinadaily.com.cn/china/2008-01/24/content_6418603.htm>
• Chen, Shu-Ching Jean. "Carrefour Contends With Bribery China." Market Scan. Forbes. 27 August 2006. 31 January 2008. <http://www.forbes.com/2007/08/27/carrefour-bribery-china-markets-equity-cx_jc_0827markets03.html>
• "China and India 'Top Bribe List'". Business. BBC News. 4 October 2006. 31 January 2008. <http://news.bbc.co.uk/2/hi/business/5405438.stm>
• Clarkson, Kenneth, Roger LeRoy Miller, Gaylord A. Jentz, and Frank B. Cross. Legal and Ethical Environment of Business. Thomson South-Western: 10th Ed. Oklahoma City University Ed., 2008.

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