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Attention Quote by James Surowiecki

“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.” quote by James Surowiecki
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“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.”

James Surowiecki

About This Quote

Historically, many Western businesses treated bribery as a normal cost, reflecting a pragmatic but ethically lax approach to overseas corruption.

In simple terms: Bribery was once seen as a normal business expense.

Key Takeaway

Recognize and challenge outdated corrupt practices.

Themes

corruption business ethics history

Mood

critical analytical

Type

historical commentary

When to use this quote

  • international trade
  • government contracts
  • corporate compliance

Key Concepts

economic incentives legal frameworks

Questions to Reflect On

  • How have anti‑corruption laws changed business behavior?
  • What ethical standards should guide overseas deals?
A Different Perspective

Modern regulations now prohibit such deductions.

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