1. The developing world is now the main driving force behind world economic growth.
2. In places like China and the Eastern Bloc, most of the significant institutional reform occurred in the 90's. Relative to what people think, economic convergence in the previous decade has been driven more by the internet reducing the cost of cooperating over long distances and less by institutional reform in the relatively corrupt developing countries.
3. The Foreign Corrupt Practices Act is putting US companies that do business in developing countries at a serious disadvantage relative to local domestic competitors. Either they accept that disadvantage or they get caught trying to skirt the around the edge of the law and face the consequences.