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Doing Business in Emerging Markets by Rajabahadur Arcot, Jose Alves, Marcus Goncalves

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CHAPTER 4

FCPA

Dealing With Corruption and Crime

Overview

For the last 20 years, we have witnessed rapid development in the effort to combat corruption under international law, as we now live in a world where, according to Transparency International,1 and as illustrated in Figure 4.1, more than one in four people report having paid a bribe. International criminals and dishonest businessmen don’t hesitate to make use of loose regulatory systems put in place by politicians in certain “safe haven” countries around the world to attract capital.

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Figure 4.1 More than one in four people around the world report having paid a bribe

Source: Transparency ...

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