"Until the nineteen-seventies, Western countries paid little attention to corruption overseas, and bribery was seen as an unpleasant but necessary part of doing business there. In some European countries, businesses were even allowed to deduct bribes as an expense."

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Source : "Invisible Hand, Greased Palm" by James Surowiecki, www.newyorker.com. May 14, 2012.

James Surowiecki

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