Business Scandals, Corruption, and Reform: An Encyclopedia

Business Scandals, Corruption, and Reform: An Encyclopedia

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Since the dawn of civilization, corruption has had a perpetual impact on the world's economies. In the modern, technology-enabled, global economy, the effects of those who manipulate free-market capitalism for their own gains regardless of methodology continue to be a problem, despite reforms instituted to attempt to discourage the most blatant practices. Business Scandals, Corruption, and Reform: An Encyclopedia contains more than 300 entries that describe the myriad aspects of corruption, business scandals, and attempts at reform, providing not only detailed information about specific accounting scandals and earnings manipulation but also a broad examination of the entire history of business corruption throughout human civilization. Reviewing all the major scandals from tulip mania in the early 17th century to the subprime mortgage crisis of 2008 and beyond, the author illuminates how corrupt actors in business and the attempts to eliminate these types of abuses have been instrumental to the developing institutional framework of free-market capitalism.Forda#39;s focus shifted to process, developing a manufacturing line based on breaking down each function into small units that could be ... Vertical integration was part of his production strategy, buying out parts dealers and even raw- material producers and transportation systems. ... Over time, the employees had switched from skilled mechanics and artisans to mostly manual laborers on the production line.

Title:Business Scandals, Corruption, and Reform: An Encyclopedia
Author:Gary Giroux
Publisher:ABC-CLIO - 2013-07-12


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