The group Transparency International estimates the poorest households in Mexico spend a third of their income on these bribes. Duncan Wood of the Woodrow Wilson Center said this corruption causes U.S. firms to think twice about investing in Mexico
Marketplace, 12/3/2012
And that’s one of many services that should be free. The group Transparency International estimates the poorest households in Mexico spend a third of their income on these bribes. Duncan Wood of the Woodrow Wilson Center said this corruption causes U.S. firms to think twice about investing in Mexico.
“They come in and they want to invest but it's just too difficult because you have to bribe too many people or you have to grease too many palms,” Wood said.
And he said Mexico’s economy is still virtually closed to foreign investment in many industries.
The Mexico Institute seeks to improve understanding, communication, and cooperation between Mexico and the United States by promoting original research, encouraging public discussion, and proposing policy options for enhancing the bilateral relationship. A binational Advisory Board, chaired by Luis Téllez and Earl Anthony Wayne, oversees the work of the Mexico Institute. Read more
