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The FCPA and ‘Islands of Honesty’

Tom Fox | December 12, 2016

In one of the most stunning pieces read by The Man From FCPA in some time, Amanda Taub, in the New York Times, in an article entitled, “How ‘Islands of Honesty’ Can Crush Corruption” she began with the simple question “Why are so many governments around the world collapsing amid corruption scandals?” She cited to the most current example of South Korea but also discussed the fall of the Dilma Rousseff administration in Brazil, the fall of Guatemala’s government when both the President and Vice President were accused of corruption, the fall of former President Kirchner in Argentina and the possible fall of President Zuma in South Africa amid allegations he misused public funds.

She reports on the research of Professor Raymond Fisman, from Boston University, who studies systemic corruption, “which occurs when the corruption is so widespread and severe...

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