Can someone help with with this group discussion below. Its a global business cl

Question

Can someone help with with this group discussion below. Its a global business class and its the third time making this post with no solution. Thanks

Transparency International Website

Please visit the following website: http://www.transparency.org/

Your assignment is to: Pick a country or an issue that relates to your International Business Term Paper.

Discuss how corruption affects the topic or company that you have selected for your International Business Term Paper.

This is my Term paper "Impact of Oil Prices- Case of US Economy". so i believe you can use the United states. Thanks again

Explanation / Answer

According to transparency international; Corruption is the abuse of entrusted power for private gain. It mainly affects prices of commodities, there consumption and trade that trade at national and local level. However, it generally does not impact the global indexed commodities such as crude oil.

This is because the prices of crude oil are decided on a global index that remains same. However, there are other means where corruption can impact the oil prices. Some of the practices involve are:

There are also other means that political organizations and official use to benefit the private entities to create a private gain for others at the expense of the taxpayers.

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