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Published: April 29, 2011

 
 

Doing Business in Corrupt Places

The author stresses that corruption continues to have a major “corrosive” impact on the long-term health of the global economy, making it harder for many developing countries to attract foreign investment and adding uncertainty and risk to the effort of companies that do enter those markets. That said, corruption can be confronted, and its impact largely contained, if the correct local strategy is adopted.

Bottom Line:
Companies can cope with government corruption by understanding the political situation in each market and operating accordingly. Learning how to deal effectively with one market will make it easier to deal with others.

 
 
 
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