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11:25 Sep 4, 2019 |
English to Dutch translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: Edwin den Boer Netherlands Local time: 22:01 | ||||||
Grading comment
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5 +2 | compensatieorders |
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Summary of reference entries provided | |||
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compensatieorders Explanation: Het is een corruptierisico omdat het een legale vorm van omkoping is. De gangbare vorm in het Nederlands is compensatieorder of -opdracht. Bij "compensatietransacties" vind ik bijna alleen treffers uit woordenboeken in Google; dat is een teken dat het niet echt wordt gebruikt. En compensatieprojecten gaan meestal over CO2 of natuurgebieden. |
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Grading comment
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17 hrs peer agreement (net): +1 |
Reference Reference information: In “perfect” free market economics, when a global company prepares a bid in response to a public tender, the consideration of the bid should only be about offering the most technologically advanced product at the best price. Instead, many international public-sector procurement requests are saddled with more socially beneficial requirements. Often the government agency wants to spark innovation and economic development by obtaining, e.g., a license for such technology or a guaranteed investment from the seller to foster development in the agency’s country. Those arrangements, the “offsets”, are Industrial compensation required by foreign governments as condition to purchase of goods and services from nondomestic suppliers. While the jury is still out on the effectiveness of offsets for economic development, given the enormous “perception” of upside, countries will continue to require them. What makes this matter even timelier is that the OECD recognized the potential for corruption in development by publishing the Recommendation of the Council for Development Co-operation Actors on Managing the Risk of Corruption. Offsets represent a valuable tool for success in international markets: (i) buyers see them as opportunity to use the offsets to either “jump start” or develop specific industries (mainly those dependent on technology and innovation); (ii) buyers use the offsets as tool for the large investments required for infrastructure and defence upgrades. From a seller’s perspective, offsets help companies open the door to markets that would not otherwise be available. Because local partners are often part of the discussion in infrastructure and defence-procurement, it is common for suppliers to propose offset agreements aimed at developing industrial relationships through joint production or development. The corruption risks associated with offsets are many, i.e. (a) improperly influencing the need for an acquisition, with reward through offset, (b) improperly influencing the award of the contract, with reward through the offset, (c) improper payments as part of the offset package as a vehicle for payment of bribes and (d) improper payments as a cover-up for lack of implementation of offset is great. All these risks can potentially cancel the economic development benefits that an offset arrangement might bring. In conclusion, the paper will propose a multi-lateral system solution (from the OECD, importer government, industry and exporter government perspective) to lower the corruption risk and increase the appetite for offset and therefore unleash the potential to “jump start” economic development. Keywords: offset, transparency, corruption, economic development, OECD https://www.oecd.org/cleangovbiz/Integrity-Forum-2017-Berald... |
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