The price of international business morality: Twenty years under the foreign corrupt practices act [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jonathan Jenkins Ichikawa
Jack Alan Reynolds
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Journal of Business Ethics 26 (3):213 - 222 (2000)
Last year marked the 20th anniversary of the Foreign Corrupt Practices Act (FCPA) of 1977. The FCPA is the first and only statute prohibiting bribery and other corrupt business practices by U.S. citizens and companies conducting business overseas. This paper provides an overview of the FCPA during the two decades of its existence. More specifically, the objectives of this paper are four-fold. First, the paper provides background information about the FCPA of 1977 and subsequent amendments in 1988. Second, the paper discusses the enforcement of the FCPA since its passage by examining the number of cases prosecuted under the FCPA and the respective penalties imposed. Third, the paper discusses the economic impact of the FCPA by addressing whether the FCPA places U.S. firms at a competitive disadvantage. Fourth, the paper provides public policy recommendations to expand the reach and scope of the FCPA. It covers efforts to criminalize bribery through multilateral organizations, such as the Organization for Economic Cooperation and Development (OECD), the World Trade Organization (WTO), and the Organization of American States (OAS). It also covers bilateral arrangements and efforts by non-governmental organizations such as Transparency International.
|Keywords||Philosophy Ethics Business Education Economic Growth Management|
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Citations of this work BETA
Jeff Everett, Dean Neu & Abu Shiraz Rahaman (2006). The Global Fight Against Corruption: A Foucaultian, Virtues-Ethics Framing. [REVIEW] Journal of Business Ethics 65 (1):1 - 12.
Donelson R. Forsyth, Ernest H. O’Boyle & Michael A. McDaniel (2008). East Meets West: A Meta-Analytic Investigation of Cultural Variations in Idealism and Relativism. [REVIEW] Journal of Business Ethics 83 (4):813 - 833.
Q. Miao, A. Newman, J. Yu & L. Xu (2013). The Relationship Between Ethical Leadership and Unethical Pro-Organizational Behavior: Linear or Curvilinear Effects? [REVIEW] Journal of Business Ethics 116 (3):641-653.
Donelson R. Forsyth, Ernest H. O'Boyle Jr & Michael A. McDaniel (2008). East Meets West: A Meta-Analytic Investigation of Cultural Variations in Idealism and Relativism. Journal of Business Ethics 83 (4):813-833.
Christopher Baughn, Nancy L. Bodie, Mark A. Buchanan & Michael B. Bixby (2010). Bribery in International Business Transactions. Journal of Business Ethics 92 (1):15 - 32.
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