Laws that try to proscribe bribery and corruption have a long and glorious history. A Roman senator could be dismissed from office for the “moral corruption” of bribery, and under the Magna Carta of 1215 the king’s officials were prohibited from taking commodities without paying for them in an attempt to eradicate corruption.
This article looks at some ways in which the modern laws against bribery and corruption can impact transactional practice in developing markets.
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