Emerging Litigation Podcast
Emerging Litigation Podcast
Tom Hagy
The Long and Brawny Arm of the Foreign Corrupt Practices Act with Mark Bini and Tom Suddath
37 minutes Posted Sep 17, 2024 at 11:00 am.
Foreign Corrupt Practices Act Global Impact
Global Corruption Enforcement Trends
International Cooperation in Anti-Corruption Enforcement
Managing Third Party Corruption Risks
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37:30
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Show notes
The United Nations and World Economic Forum calculates that the cost of corporate corruption globally is $5 trillion a year, or 5% of the world’s 2022 GDP. Corruption can hamper economic growth by discouraging investment, increasing transaction costs, and distorting market competition. It can perpetuate poverty by diverting resources away from essential services and benefiting the wealthy and powerful. It can undermine democratic institutions and erode public trust in governments. It c...