International Business Issues - 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 most corrupt in terms of international business. The 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 to avert this malpractice. This will only be possible if the FCPA works together with the department of justice.