United States' Foreign Corrupt Practice Act (FCPA) of 1977 has made it a crime for American firms to bribe foreign government officials. In December 1997, the OECD member countries signed a convention that also criminalizes bribery of foreign officials by firms from the member countries. 2 Would laws of this kind reduce the incidence of bribery by multinational firms? Do they promote economic efficiency?
Bibliography
Includes bibliographical references (pages 20-21)
Notes
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