A couple of very good comments to my post yesterday on the government's arrest of several Rio Tinto employees on charges of bribery/industrial espionage prompts me to tackle a recurring question about foreign investors and corruption.
I can't recall whether I've addressed this head-on before, but others certainly have. I would do some key word searching at China Law Blog or All Roads Lead to China for other views on this, and perhaps we can generate a couple more opinions on the subject.
Reader J throws the question out there:
I’m not entirely sure that large multinationals working in vital industries such as the steel one can genuinely succeed (at least as well as Rio Tinto appears to have done) in countries such as China without “some kickbacks or other shenanigans”.
Put another way, can a foreign company in China succeed in an industry where bribery is endemic?(…)
Read the rest of Follow Up on Rio Tinto: Is Bribery Necessary to Do Business in China?
© Stan for China Hearsay, 2009. |
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