No to Corruption in Business

The objectives of the Course “No to Corruption in International Business” are the following:

1. To raise awareness about the terrible effects of the corruption;
2. To analyze the causes of the corruption in International Business;
3. To learn about the tools that a company can implement to fight against corruption.

Intended for all those related to the international trade and business, as well as public and private institutions, who wish to eradicate the corruption in the international business.

This course contains exercises that are evaluated, which the student must work out and pass to obtain the Diploma of the Professional Course: “No to Corruption in International Business” issued by EENI Global Business School.

Students who have taken this course can validate and register for a Master or Doctorate at EENI.

This Professional Course is also part of all Master's Programs and Doctorate:

1. Professional Master in International Business (MIB);
2. Master in Foreign Trade and International Marketing;
3. Doctorate in International Business, World Trade;
4. Diploma in International Trade;
5. Diploma in International Marketing.

Why fight against corruption?

1. Infant mortality would drop by 75%;
2. 5% of the World's GDP (between 1 and 1.6 trillion dollars);
3. Global Business would grow up to 3% faster;
4. Adds up to 10% to the total cost of doing business globally;
5. Near 25% of the final cost of the public procurement.

“Corruption cannot be tackled only with the legal instruments; it needs to be complemented with a strong ethical principles.” Pedro Nonell (EENI Global Business School Director)

EENI Commitment to Society “Programme: Combating corruption in international business.” Global Ethics, business, and religion.

Description of the Course - No to Corruption in International Business:

Corruption is one of the worst scourges of our society, affecting both public and private sector, its effects are devastating: can overthrow countries, distort the market, financing wars, limit the aid development, erode the democracy and human rights, limiting investments, or encourage the organized crime.

Organizations that fight against corruption (the United Nations - Global Compact, Transparency International, World Economic Forum, or the International Chamber of Commerce) estimates that, globally, corruption could account for 5% of the global GDP (2.6 trillion dollars).

“Corruption undermines the democracy and rule of law. It leads to the violation of the human rights. It erodes the public trust in the Government. Corruption can even kill.” Ban Ki-Moon, UN Former Secretary-General.

The World Bank (WB) estimates that the annual global cost of corruption, that is, what it costs to all the citizens of the World; it is between $ 1 trillion and $ 1.6 trillion.

According to the World Bank (WB), the countries that effectively fight against corruption can reach quadrupling its national income, business would grow up to 3% faster, and infant mortality would drop by 75%.

Corruption adds up to 10% to the total cost of doing business globally.

Every year the European Union loses 1% of its GDP (120,000 million Euros) for the corruption effects.

1. 78% of the citizens of the EU believe that the most serious problem in his country is the corruption;
2. According to Transparency International, 5% of the people of the EU has paid some type of bribery;
3. The NISPA estimated that the corruption could rise between 20% and 25% the final cost of the public procurement;
4. The EU recognizes that his “Member States are not entirely prepared to fight against corruption for themselves”.

Corruption is implicit with the Civilization, but in this phase of globalization and digitalization of the economy, instead of being able to find ways and mechanisms that can override it, corruption has not stopped growing.

There are many initiatives to fight against corruption: United Nations (UN), OECD, European Union, or the African Union. All these institutions are developing ethical codes that seek to alleviate corruption. However, the reality is that despite these mechanisms, most of them volunteers, corruption has not been able to be eliminated.

1. In Africa, Strive Masiyiwa is one of the persons who are leading fight against corruption.

Developing such codes is necessary but not sufficient:

Ethics and legal instruments will be undoubtedly the foundations that will allow us to eradicate the corruption.

(c) EENI Global Business School (1995-2023)
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