1) What systems make up the political economy? What is the relationship of these systems? (1 point)
2) There are two types of violation of property rights: public actions and private actions. Who commits private action violations and what do they involve? Who commits public action violations and what do they involve? (2 points)
3) Under the most recent revisions of the Foreign Corrupt Practices Act provided for in the Omnibus Competitiveness Act of 1988, what type of payments to public officials are considered legal and what type of payments are considered illegal? (1 point)
4) Read the Country Focus: “40 years of corruption in Nigeria” on page 58 of the Textbook and Part 2 Case “Siemens Bribery Scandal” on page 166 of the textbook (9th edition). Applying the facts of these cases and your understanding of the issue of bribery, answer the following questions (6 points): 1) Describe the political, social, and economic conditions in Nigeria from the 1970’s to the year 1999.
2) How did Nigerian military dictator Sani Abacha violate the property rights of the people of Nigeria? What were some of the results of this public action violation? 3) Based on this case and what we discussed in class, what is the relationship of corruption, a public action violation, on economic development?
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Page 1/2 4) What explains the high level of corruption at Siemens? How did managers engaged in corruption rationalize it? 5) What is the impact of corruption behavior by Siemens on the countries where it does business?
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