Do you think that U.S. companies are at a disadvantage as a result of the Foreign Corrupt Practices Act?

David, P. A. (2021). International logistics: The management of international trade operations (6th ed.). Cicero Books.

The Foreign Corrupt Practices Act prohibits bribery in international business. Do you think that U.S. companies are at a disadvantage as a result of the Foreign Corrupt Practices Act? Take a position and defend your opinion in 200 to 300 words. Be sure to illustrate the situation you describe with a specific example and rationale for your position on the issue. Return to the forum later this week to engage in a conversation with your classmates.

SAMPLE SOLUTION

The Foreign Corrupt Practice Act makes it illegal for foreign officials to be bribed in return for obtaining or retaining business for individuals or firms (David, 2021). While some have viewed the law as being too punitive to US businesses operating in foreign countries where corruption is especially rampant, I opine that the law is aimed at leveling the playing field.
The US government attempts to make the playing field for doing business level by enforcing the FCPA law against foreign as well as US businesses. The law represents one of the aggressive applications of extraterritorial jurisdiction by the government. If foreign businesses have their shares listed publicly in the US, or if their officials take…