BUSINESS ETHICS. CORRUPTION PERCEPTION ANALYSIS

Abstract

This paper examines corruption from the perspective of business ethics. It is known that corruption negatively affects the development of countries in several ways: it reduces growth, chases away foreign investors and channels investments, loans and aid funds, the so-called White Elephant Projects. Corruption has a very high price for the poorest, who are denied access to basic goods and services, and this paper shows that the poor suffer the most from corruption. Based on the annual index provided by Transparency International, it can be observed that, in general, some of the richest countries in the world (like: Finland, Denmark, New Zealand, Canada, Iceland, Singapore and Sweden) consistently record a low level of corruption.