Illicit Economy and Globalisation. The Paradoxical Bond

Scientific Essay , 2014 , 15 Pages , Grade: 69

Economics - International Economic Relations

To cite an example of global illicit trade, a credit card fraud begins with a Vietnamese shopkeeper in USA as he swipes the customer card in a special fraud machine. This machine electronically transmits card details to Hong Kong crime syndicate, which collects the information from different ports in US to send it to Malaysia for manufacturing of fake credit cards. These cards are then couriered to Italy where another organised crime group sells them to their Russian counterparts in Czechoslovakia. Here these cards are used to make payments for several online orders in London, Paris and Rome; goods are then flown and sold in Moscow, Russia within 200 hours of first card swipe. According to an online estimate, the global illicit market value stands at US $1.78 trillion. The intricacies of its transnational web are far more complicated then its legal counterpart. This essay analyses the relationship between globalisation and clandestine economy of the globe.

Inhaltsverzeichnis

• Introduction
• Illicit economy and globalisation
• Is illicit economy globalised?
• The Paradoxical Bond
• Conclusion
• Bibliography

Zielsetzung und Themenschwerpunkte

This paper aims to explore the paradoxical relationship between the illicit economy and globalization. It examines the nature of the illicit economy, its global reach, and the ways in which it both benefits from and hinders globalization.

• The definition and scope of the illicit economy
• The global nature of illicit activities
• The positive and negative impacts of globalization on the illicit economy
• The impact of the illicit economy on globalization
• The challenges of combating transnational organized crime

Zusammenfassung der Kapitel

The first chapter introduces the concepts of illicit economy and globalization, providing definitions and outlining the key sectors involved in the illicit economy. It also discusses the challenges of studying the illicit economy due to the lack of reliable data and the difficulty of accessing information.

The second chapter examines the global nature of the illicit economy, highlighting the transnational networks and activities that characterize this sector. It explores the role of technology and communication in facilitating illicit activities and the challenges of combating transnational organized crime.

The third chapter delves into the paradoxical relationship between the illicit economy and globalization, analyzing the ways in which globalization both benefits and hinders the illicit economy. It examines the impact of globalization on the growth and expansion of illicit activities, as well as the challenges of regulating and controlling these activities in a globalized world.

Schlüsselwörter

The key themes and keywords of this text include illicit economy, globalization, transnational organized crime, drug trafficking, human trafficking, money laundering, cybercrime, global governance, and the challenges of combating illicit activities in a globalized world.

• College: University of Sheffield (Department of Politics)
• Course: The Political Economy of Globalisation
• Grade: 69
• Author: Arshi Aggarwal (Author)
• Publication Year: 2014
• Pages: 15
• Catalog Number: V286208
• ISBN (eBook): 9783656864936
• ISBN (Book): 9783656864943
• Language: English
• Tags: Illicit economy, globalisation, transnational trade, drug trafficking, cartels, human trafficking, money laundering, cyber crimes, pornography, smuggling, mafia, mobes, boder security, trade controls, taxation, organised crime, interpol, europol, reginalisation, slave trading