A New Globo Cop For Crooks In High Places

There was a time when business executives, bankers, and aid officials from the industrialized world held their noses, forked over bribes to officials in places from Kenya to Argentina, and told themselves: At least these leaders are on the right side of the ideological divide. The end of the cold war changed all that. Now, the economic costs of corruption are apparent to everyone--even, increasingly, to many Third World figures who may be tempted by corruption--and there's no excuse for protecting the bad guys.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.