Special Report: The US anticorruption record in principle and practice

The US can claim credit for taking a strong legal and moral lead against transnational bribery by passing the Foreign Corrupt Practices Act (FCPA) in 1977 and, more recently, by pressing for the full implementation of the Organization for Economic Cooperation and Development convention on bribery. The US government has set an example by prosecuting US companies even when this conflicts with the country's commercial interests. Click here to enlarge imageAmerican companies have paid a high price in lost business. The US Trade Compliance Center's latest report on the OECD convention estimates that the competition for 60 contracts worth $35 billion may have been affected by bribery o...

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