Foreign Anti-Bribery Law

Catalog description

Corruption is one of the major factors inhibiting economic development and undermining governmental legitimacy. Developed governments generally enforce rules prohibiting domestic corruption, but have historically been less concerned with foreign government corruption. The US passage of the Foreign Corrupt Practices Act in 1977, which prohibits corporations from bribing foreign officials, represents a major shift in this policy. Most other major economies and economic institutions have followed suit, although enforcement is inconsistent. This seminar will examine the origins and evolution of efforts to regulate firms' relationships with foreign government officials.