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Politics, Ethics and Social Responsibility of Business
book

Politics, Ethics and Social Responsibility of Business

by Usha, Bhanu;Krishna, K. V. Murthy
October 2010
Intermediate to advanced content levelIntermediate to advanced
232 pages
9h 1m
English
Pearson India
Content preview from Politics, Ethics and Social Responsibility of Business
179
CORPORATE SCANDALS |
Corruption, acknowledges Caiden, is an obstacle to world development because it discourages investment,
undermines stability, destroys effective governance and demoralises people. Aside from its out-of-pocket
cost to bribers and its cost to non-bribers in lost business or delayed or non-performance by government,
corruption, writes P. Richardson, has numerous indirect costs.
25.5.2 INDIRECT IMPACT
Especially where it is pervasive, corruption can deter honest people from entering government
service.
Corruption reduces tax revenues thereby requiring higher tax rates.
Corruption undercuts necessary regulations.
Corruption facilitates crime.
Corruption can erode political ...
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Publisher Resources

ISBN: 9789332506497