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In some countries officials block or delay things for no good reason, and bribing them may increase welfare both for the foreign company and the country itself.
by Bostonian 2y ago
In some countries officials block or delay things for no good reason, and bribing them may increase welfare both for the foreign company and the country itself.
- kccoder 2y agoAre you saying that bribery is...good?
- basementcat 2y agoA former employer classified them as "facilitating payments" that are often necessary to complete a business transaction.
- cranky908canuck 2y agoIf you are wanting to do business in a baksheesh culture (ie., doing things that could be interpreted by others as bribery), then, not doing things that could be interpreted by others as bribery, works out to not doing business there, period. The complication is, sometimes your head-office country local culture says "go for it", then down the line (+some years) says "you were evil". Not saying if that's good or not, but just saying...
- basementcat 2y agoDo you think the millions of people with HIV, TB or Malaria wish USAID (or some USAID contractors) had donated several million dollars to the president's inauguration festivities?
- noit411 2y ago[flagged]
- IAmGraydon 2y agoI agree, but most people are far too emotional to look at it this pragmatically, hence the downvotes. We should be clear here that this is a pause of a law that prohibits American companies and foreign firms from bribing officials of foreign governments. It does not mean American companies can take bribes. There's not much downside for American companies here. I do agree with Trump here that we should not put laws in place that disadvantage US companies.