The Foreign Corrupt Practices Act and progeny: morally unassailable.

Cornell International Law Journal, June, 2000 by Shaw, Bill

Introduction

While opponents avow that the Foreign Corrupt Practices Act(1) is morally assailable, a growing number of supporters believe that the U.S.-led effort to reduce corruption in the global economic arena is a positive initiative, not a candidate for indictment as "moral imperialism."(2) At worst, it amounts to a unilateral disarmament,(3) specifically, a commercial unilateral disarmament by economic leaders who project a long-term vision, undaunted by the consequences of competing against cheaters. These cheaters are corrupt corporate executives, afraid to compete on an even playing field.(4) Bribe-paying corporate officers represent the personification of Oliver Williamson's "opportunist," who pursues self-interest with guile.(5)

This...

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