Sustainability and Corruption: Fighting Corruption Requires Global Rules
International dimension is decisive
German companies operate worldwide. Doing business abroad, they increasingly have to compete with companies from emerging economies which suffer much worse problems with corruption according to Transparency International. When German companies bid for internationally tendered contracts – potentially in direct competition with companies from or in such countries – they may find themselves confronted with corruption. This can even go as far as preventing the development of new markets and hampering cooperation with new partners. As a consequence, not only companies involved are harmed, but the respective economy as a whole is negatively impacted.
Joint action preferable
For those reasons, German industry has a strong interest that the same anti-corruption rules apply worldwide – in all destination countries of German exports and for all competitors. Effective anti-corruption requires internationally coordinated action to create a consistent global standard of protection. Creating a level playing field for companies from different countries boosts the chances for economic growth.