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Corruption is widespread in many less developed countries. The U.S. anti-corruption laws sanction the U.S. multinational from bribing foreign entities. (The Foreign Corrupt Practice Act

Corruption is widespread in many less developed countries. The U.S. anti-corruption laws sanction the U.S. multinational from bribing foreign entities. (The Foreign Corrupt Practice Act of 1977, amended 1988, and the International Anti-Bribery Act of 1998.) Do the anti-corruption laws handicap American firms in their ability to compete against multinationals from elsewhere?

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