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It is argued that the process of business, domestically and internationally, should be guided by appropriate norms of ethical conduct. Appropriate regulatory structures and processes cognizant the nature of organizations and considering the perspective of the country, where the business process occurs should be developed, and be properly implemented if acceptable ethical standards in business are to be achieved. Introducing and adhering to strong government, organizational structures and professional codes of conduct that are designed to support ethical processes can have positive implications for perceptions about country-specific corrupt practices. In this paper case studies are used to contrast the unethical conduct that can and does occur in some developing countries, and to demonstrate the organizational and regulatory structures that have been implemented to discourage unethical business practices. Lessons learned from the Bangladesh experience can be applied across international borders to improve business conduct in other developing economies.
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