Yes, it did -- right after Carter got a tattoo and a Harley. In fact, bribery remains a way of life in much of the world, including rapidly developing countries where American multinationals need to be. These firms often are forced to choose between following age-old local custom in order to compete and obeying U.S. law, which may leave...
I'm working for a company that is serious about firing anyone who even creates the appearance of bribing foreign officials. We take annual classes explaining why we will not tolerate that behavior. It includes examples where a gray area legally is not acceptable behavior. The company is right to keep such high standards, but it has cost us dearly in lost sales to less scupulous foreign competition. It is in the best interests of everyone to curb bribery, but we must decide how much we are willing as a nation to pay to maintain standards the rest of the world only gives lip service to. It costs American jobs. Wouldn't it make sense to prohibit any company from doing business in the US if it pays bribes anywhere?
Until 1977, there was no country that criminalized the practice of bribery abroad. But that year, President Jimmy Carter signed a law making the United States the very first. In due course, this measure eliminated corruption from every nation where our corporations operate.
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