Final answer:
The Foreign Corrupt Practices Act criminalized the bribery of foreign officials by American businesses, marking a move towards increased accountability and ethical practices in international relations. It deters corrupt practices and strives to maintain the integrity of American businesses abroad while combating global corruption.
Step-by-step explanation:
The Foreign Corrupt Practices Act (FCPA) indeed made it a crime to bribe foreign public officials. Prior to the FCPA, bribery and corruption were seen as part of international business practices. However, the enactment of the FCPA marked a significant shift in how American companies engage in overseas operations. The emphasis was not merely on penalizing the act of bribery itself, but on promoting a culture of transparency and accountability in international trade and governmental relations.
The impact of the FCPA resonates with the broader themes of combating corruption globally. The crackdown on corruption, as seen in the examples of how powerful interests historically have tried to influence government officials or policies, showcases the intent of the FCPA to deter such illicit activities. For example, the Chinese government's campaign against corruption and the historical accounts of journalists uncovering graft highlight the ongoing struggle against corrupt practices.
In essence, the FCPA serves to uphold the integrity of American businesses abroad and protect ethical business practices. Its implementation not only helps in the fight against corruption but also ensures a level playing field for all businesses operating internationally. Moreover, it reinforces the idea that economic progress and democracy are built on the foundation of lawful and ethical conduct.