Publication

This paper argues that efforts of the G-8 and the OECD are not effective to combat bribery and corrupt payments when multinational companies bid on concessions in the developing world. The author states that multinational corporations from the US, Europe and Japan have devised sophisticated payment mechanisms, as documented and described here, to evade home country anti-corruption laws with impunity. This paper provides a preview of research included in a broader CGD monograph entitled "Harnessing Foreign Direct Investment for Development: Policies for Developed and Developing Countries."