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Topic proposal: Corruption in Russian corporations

  • Номер работы:
    185303
  • Раздел:
  • Год добавления:
    22.04.2011 г.
  • Объем работы:
    15 стр.
  • Содержание:
    Introduction 2
    Background 2
    Problem statement 3
    Literature review 3
    Methodology 12
    Results anticipated 12
    Conclusion 13

  • Выдержка из работы:
    Некоторые тезисы из работы по теме Topic proposal: Corruption in Russian corporations
    Introduction
    Russia has witnessed rapid economic growth over the past several years. The Russian economy grew by a rate of over 5% in 2008, followed by a substantial decrease of almost 8% in 2009 as a result of the global financial crisis. Encouraged by reforms, foreign direct investment rose by approximately 300% between 2005 and 2007, but declined sharply in 2008 due to a dramatic drop in the price of oil and the global financial crisis, contributing to a decline in investor confidence, a substantial pull-out of investor capital and a 70% fall of the Russian stock market. The Russian government has since come forward with a massive economic stimulus package, but companies continue to report that they are faced with a complex business environment and a high volume of demands for bribes. Although some high-level officials have been charged with corruption in recent years, most governmental anti-corruption efforts have been limited in scope and focused on lower-level officials.
    Background
    Positive developments in relation to corruption and investment:
    – In December 2008, the Duma passed a package of anti-corruption legislation, including a more simplified Criminal Code to make it easier to bring corrupt judges to account.
    – In 2008, the State Duma passed a bill intended to reduce the multitude of inspections and red tape that companies are subjected to. The bill seeks to further limit the number and total duration of planned state inspections of a company, as well as ban law enforcement agencies from carrying out tax inspections without a request from tax authorities and from confiscating documents without providing companies with stamped photocopies.
    – In April 2010, the President approved an Anti-Corruption Strategy 2010-2011, which includes a paragraph on criminalising foreign bribery.
    Risks of corruption:
    – Large companies cite corruption as a major obstacle to doing business in Russia. Problems include the inconsistent application of laws and regulations on a non-transparent basis, and the weak enforcement of laws and court decisions.
    – In the area of licensing and permits, companies complain of multiple inspections, many of which are arbitrary, and red tape, contributing to a high degree of corruption in this sector.
    – Public procurement in Russia can be characterised as still open to manipulation, although regulation has been improved [10].
    Problem statement
    .........................
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