ABSTRACT
This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book explores corruption in international business. Supranational organizations, such as the World Bank, and non-governmental organizations (NGOs), such as Transparency International, are mostly concerned with the kind of corporate corruption that may be beneficial to a firm in the short run, such as offering kickbacks and bribes to win contracts. In countries that have ratified the Organization on Economic Cooperation and Development (OECD) Convention to prohibit bribing foreign officials, it is no longer legal to use these as tax deductions. Corporate social responsibility (CSR) policies adopt the perspective that managers must consider all stakeholders, the local community, local government, suppliers, as well as employees and shareholders. Cultural differences regarding such norms as gift giving make articulating international anti-corruption strategies difficult. Institutions improve how well the society as a whole, and hence the business sector, operates.
