An issue discussed repeatedly in commercial circles is the dilemma between the ethical arguments against corruption, and the commercial arguments in favour of ‘efficient grease’. This dilemma is particularly felt when facing bureaucratic bottlenecks in countries like India (the ‘when in Rome’ argument). The latest edition of the Economist carries an interesting piece, arguing that the commercial arguments in favour of corruption are fallacious, and that bribery or corruption makes little ethical or commercial sense. Makes an interesting read. The article is available here.