At remedying the culture of bribery that afflicts so much of government in Mexico and other countries, the U.S.’s Foreign Corrupt Practices Act has been an utter and rather absurd failure. But the law has succeeded in its most important objective: making us feel good about ourselves [Steve Chapman, syndicated/Chicago Tribune]
More: Alison Frankel on the Sarbanes-Oxley angle; Catherine Dunn, Corporate Counsel, on the Mexican side of the Wal-Mart scandal.
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