The failed nations of the world victimize the people who live in them and put the rest of us at risk. Basket cases like Somalia, Afghanistan, Pakistan and the Democratic Republic of the Congo are often linked to carnage and chaos, sometimes within their borders and often beyond.… Continue Reading
The man on the left is David Hess, an Assistant Professor of Business Law & Business Ethics at the University of Michigan’s Ross School of Business. He’s on the blog today because he thinks and writes a lot about how to control corruption in international business.… Continue Reading
It’s a familiar and unwelcome moment. Those on the other side of the table spot the FCPA compliance language for the first time:
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The joint venture and all its personnel shall comply in all respects with the requirements of the United States Foreign Corrupt Practices Act.
The FCPA matters because public corruption and poverty walk hand-in-hand. The point is illustrated too well by conditions in Bangladesh, a perennial basket case in the world economy. Here are some facts:
- Bangladesh ranked 162nd on Transparency International’s 2007 Corruption Perception Index.
The Justice Department broke civil service laws and the country’s heart by “deselecting” qualified young applicants linked to Democrats and liberal groups (“weed out the wackos and wack jobs”). It’s the saddest news we’ve heard from the District in a long time — maybe since the plumbers taped the door locks at the Watergate Complex.… Continue Reading
The report published by the United Nations Development Program about public bribery in Asia that we talked about yesterday, Tackling Corruption, Transforming Lives, examines corruption in utilities, the courts, police departments, land offices and hospitals, among others.… Continue Reading