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by akira2501
562 days ago
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> impossible to do business in Africa without bribing people Why? > all these laws do is put Western companies at a tremendous disadvantage While attempting to address a serious problem. You could say this of any law. > compared to Chinese ones. Not a standard I care about or am willing to be held hostage to. Moral sacrifice to capture international business is pretty gross. Probably why it wasn't even hard to pass the law. |
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The explanation I've heard before is that when you need anything from a thoroughly corrupt government, as simple as a building permit or a visa for a foreign employee involved in a project, officials will simply not process your request without a bribe. They believe it is owed. End of story.
I don't like the explanation in the slightest. But I do see how it might shut down opportunity if you can't overpower the obstacles, and aren't willing to bribe.
The utility of US laws against bribing foreign officials is to break down the expectation by those officials of a bribe. But, from a game theory point of view, if China is willing to bribe, this becomes much less effective.