TITLE

Bribery in International Business Transactions and the OECD Convention: Benefits and Limitations

AUTHOR(S)
Hamra, Wayne
PUB. DATE
October 2000
SOURCE
Business Economics;Oct2000, Vol. 35 Issue 4, p33
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article reviews common reasons why multinational firms have given questionable payments to foreign officials, noting that unsavory business practices have been extremely difficult to change. In-depth interviews with academics and executives examine the anticipated impact of the OECD's Convention on Combating International Bribery of Foreign Public Officials in International Business Transactions on the flow of these illicit payments and the pact's likely effects on American firms' foreign operations. The paper also gleans strategies that firms have used to handle requests for corrupt payments and explores ways that governments and international bodies might help them cope more effectively with these issues.
ACCESSION #
3765386

 

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