Business ethics and Sustainability (PDF)
Added on 2021-06-18
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Running head: BUSINESS ETHICS AND SUSTAINABILITYBusiness Ethics and SustainabilityName of the Student:Name of the University:Author’s Note:
1BUSINESS ETHICS AND SUSTAINABILITYExecutive SummaryThis report will discuss about the evil of corruption through the lens of the nation of Pakistan.The report will begin by providing an introduction to the evil of corruption in the nation ofPakistan. The report will also discuss about the various forms of corruption which are a partof the nation of Pakistan like fraud, bribery, favoritism and others. Finally, the report willconclude with a discussion of the way these different forms of corruption have impacted thenation of Pakistan in the recent times.
2BUSINESS ETHICS AND SUSTAINABILITYTable of ContentsIntroduction................................................................................................................................3“Corruption in Pakistan”............................................................................................................3“Forms of Corruption”...............................................................................................................4Bribery....................................................................................................................................5Fraud......................................................................................................................................5Favoritism..............................................................................................................................6Methods to reduce corruption....................................................................................................6Conclusion..................................................................................................................................7References..................................................................................................................................9
3BUSINESS ETHICS AND SUSTAINABILITYIntroduction“It is not power that corrupts but fear. Fear of losing power corrupts those who wield it andfear of the scourge of power corrupts those who are subject to it.”The above quoted lines of “Aung San Suu Kyi” from the famous book “Freedomfrom Fear” is a pertinent account of the concept of corruption and the way it affects thevarious individuals of the society. Corruption is one of the oldest forms of evils which havebeen ailing the various nations of the world for a very long time (Rose-Ackerman and Palifka2016). However, in the recent times it is seen that this particular evil has become a part of thevarious nations of the world (Rose-Ackerman and Palifka 2016). The problem of corruptionis affecting the government organizations of the various nations of the world in an adversemanner and the role played by the bureaucracy of the various nations of the world is alsosignificant to note in this particular context. It is significant to note that the various nations ofthe world have devised various measures to curb this particular menace but they have notbeen able to curb it in a significant manner (Gould, Sherman and Ansari 2013). This reportwill discuss about the concept and its related aspects in the particular context of the nation ofPakistan.“Corruption in Pakistan”As per a study “nearly 7 in 10 had to pay a bribe” and the annual bribery rate of thenation of Pakistan is more than 40% for the year 2017 (Forbes.com. 2018). It is a pertinentreflection of the level to which the evil of corruption has penetrated into the nation ofPakistan. In the opinion of many people “Corruption is violation of norms. In other words, itis immoral behavior which includes deviation from legal norms or moral values”(Gould,Sherman and Ansari 2013). As per the “Canadian Oxford Dictionary 1998” the concept of
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