4 ms·
> prevents US companies and their subsidiaries from bribing officials in other countries That's how US lost Africa, and China acquired it.
by snaky 8y ago
> prevents US companies and their subsidiaries from bribing officials in other countries
That's how US lost Africa, and China acquired it.
- prepend 8y agoWhile the US certainly lost business because of this, it’s hard to say that they lost Africa when there’s still huge FDI in Africa [0] even compared to China the US had $50B in 2014-the last year I found both country data- vs China’s $32B. FCPA is 40 years old. China will surpass the US in Africa, but they’ll surpass the US in everything economic, eventually. [0] https://www.statista.com/statistics/188594/united-states-direct-investments-in-africa-since-2000/#0 https://www.statista.com/statistics/188594/united-states-dir... [1] https://www.brookings.edu/blog/africa-in-focus/2018/07/25/figures-of-the-week-trends-and-determinants-in-chinese-fdi-in-africa/ https://www.brookings.edu/blog/africa-in-focus/2018/07/25/fi...