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.
- 78% of the citizens of the EU believe that the most serious problem in his country is the corruption;
- According to Transparency International, 5% of the people of the EU has paid some type of bribery;
- The NISPA estimated that the corruption could rise between 20% and 25% the final cost of the public procurement;
- 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.

- 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.