Abstract

The article focuses on economic interdependence and international corporation. The global response to economic interdependence has become increasingly more complex and sophisticated. Nowhere has this been more true than in questions that have been raised concerning the behavior of multinational corporations, particularly with respect to corporate ethics, competition, taxation of foreign profits, and technology transfers. The last few years have witnessed dramatic public revelations of corporate payments by companies in the U.S. to foreign officials, journalists, and political parties or individuals with the goal of obtaining business advantages. The scope of corporate bribery has brought to attention the need to strengthen legal norms and procedures at the national and international levels, but the various values and ethics of nation-states make this a most complex problem. Not all aspects of corporate behavior abroad can be regulated by legal norms and procedures. There are practical questions such as the territorial reach of the U.S. law.