The Foreign Corrupt Practices Act or FCPA has been in existence since 1977. Under the legislation, American companies are not permitted to bribe overseas government officials to get business. It’s to show our morality when our competitors have their pocketbooks open.
Now, however, FCPA is being more strictly enforced by Uncle Sam, in the midst of the American deep recession.
But it’s not jut a matter of following the law. It’s an impracticality, morality aside.
Supervising massive numbers of managers overseas is difficult. And the expense of supervision is extremely costly for large and small businesses operating overseas.(See the Earl J Weinreb NewsHole® comments.)
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