4 ms·
Removing rules against foreign bribery would ultimately result in flows of capital from countries with no rule of law to countries with rule of law. This is esp
by from 4y ago
Removing rules against foreign bribery would ultimately result in flows of capital from countries with no rule of law to countries with rule of law. This is especially true if the corrupt officials spend their ill gotten gains in the West. If Glencore can get oil at a 20% discount from Nigeria or Angola why should we be complaining? Given that most of the OECD (except maybe Mexico Turkey and parts of Italy) don’t really have serious corruption problems, it sounds like OECD countries are mostly shooting themselves in the foot. Although America and the UK are the only countries that actually enforce these laws anyways.