In This Review

Bribery and Extortion in World Business
Bribery and Extortion in World Business
By Neil H. Jacoby, Peter Nehemkis and Richard Eells
Macmillan, 1977, 294 pp

Three management school professors, with wide experience in government-business relations and corporate practices, provide an outstanding and readable study of the politics and economics of political payments abroad. Their mapping and classification of the extent of payments and current debates over them are followed by an original and convincing analysis of why payments are made and are criticized. The book concludes with a critique of all major proposals for reform and a sensible blueprint of how businesses, governments and international agencies can reduce bribery and extortion. The study is perhaps the most extensive and accessible work on this subject to date.