International business Essay Example | Topics and Well Written Essays - 250 words - 1

International business - Essay Example FCPA has played a major role in discouraging corruption in international business. Transparency International index also reveals countries that have been involved in corrupt international deals. Scandinavian countries have been listed as the countries which are mostly corrupt in terms of international business. US is listed 19th in that list from the data released in 2013. However, this does not mean that American Companies do not engage in this malpractice. Currently WalMart is under investigation for bribing Mexican officials with over $ 30 million to open their stores in that country. It is no wonder WalMart has gained roots in Mexico. Wal-Mart has extended its operations to Mexico therefore posing so much threat to Comercil a Mexican retail chain shop. Wal-Mart has been a strong competitor especially since NAFTA’s lifted its tariffs which were posing a significant threat to WalMart operations. Mexico joined GATT which has liberalized the trade space allowing free entry and exit of businesses. FCPA aims at training and employing more officials in order t o avert this malpractice. This will only be possible if the FCPA works together with the department of