Business Corruption: Speak Out or Take Part?

A high level of corruption in a market implies that some firms will lose contracts because competitors offer bribes. An interesting question relates to the responses of the victimised firms: what is the reaction if a contract is lost because a competitor has offered a bribe?

If firms were to react constructively to each other's bribery, the potential positive impact on the business climate would be significant. This suggests that multinationals may have a broader responsibility with resepct to combating corruption than simply adopting a passive "we-do-not-pay-bribes-ourselves" stance.

Transparency International: Global Corruption Report 2007