Capitalism and transparency

Abstract

Purpose

The purpose of this paper is to critically examine the international NGO Transparency International's (TI) role in combating corruption, focusing particularly on TI's response to the global financial crisis of 2008.

Design/methodology/approach

The paper is based on a review of scholarly articles, newspaper reports, and TI publications.

Findings

The paper concludes that TI's uncritical approach to the functioning of international capitalism limits its ability to understand and challenge the systemic causes of corruption. Further, TI's attention to the manifestations rather than causes of corruption leads it to unfairly identify corruption as a failing of the global South rather than an inherent feature of international capitalism.

Originality/value

The paper demonstrates how TI's failure to address the widespread unethical conduct which was at the root of the global financial crisis derives from the organization's partial, legalistic and superficial definition of corruption.

Citation

Murphy, J. (2011), "Capitalism and transparency", Critical Perspectives on International Business, Vol. 7 No. 2, pp. 125-141. https://doi.org/10.1108/17422041111128212