International Business

trial
             motivated by pure greed of money. If we look back in history we can see
             the majority of the spies that were caught, were motivated by the money.
             John walker head of the notorious Walker spie ring, sold submarine
             to the Soviets for 17 years for one million dollars. Larry Wu-Tai Chin
             analyst of the CIA, passed secrets to China and was paid $180,000
             three year period. Richard Miller worked for the FBI and was to be
             million dollars to pass counter-intelligence secrets to the Soviets,
             caught and was only paid one quarter of this amount. It is easy to see
             spying for friendly countries is a profitable business.
             Is economic espionage really as bad as it is made out to be? Since
             1985 economic espionage directed at American companies has increases 260
             percent and the FBI's industrial espionage caseload has jumped to well
             five hundred investigations. Espionage is costing American companies
             over a 100 billion dollars a year in lost sales infact some sources put
             at 260 billion. In Canada that Number translates to 10 billion a year
             companies with overseas operations are estimated to lose 140 billion
             per year. It is hard to get accurate numbers when it come to losses
             espionage for the simple reason that companies don't want to admit to
             victims, in fear of undermining the confidence of their suppliers and
             shareholders (Lester:1996). The visible damage of economic espionage
             the from of Lost contracts, jobs and markets, and overall a diminished
             competitive edge. The companies that are hurt the most are the ones
             earn under 11 million dollars annually.
             How do industrial spies go about collecting information. It is a well
             known fact that modern spies have used all of the collection methods
             during the cold war for collecting information on industrial
             Practitioners of modern espionage seldom use one method by itself, but
             combine them into concerted collection program...

More Essays:

APA     MLA     Chicago
International Business . (2000, January 01). In MegaEssays.com. Retrieved 11:21, September 18, 2026, from https://www.megaessays.com/viewpaper/67520.html