How Does Globalization Impact On Crime And Victimisation?

1764 words - 8 pages

As globalization continues to flourish and evolve, this creates further opportunities in which individuals are able to launder money with greater ease, efficiency in profit and sophistication. Through the forms of economic globalization, people may use new forms of travel to their advantage and personal gain. It is widely recognized (Pfaller, A & Lerch, M 2005, Auernheimer, L 2003) that this is becoming a significant challenge in the international sphere. Through globalization, criminals are able to create new means to commit crime for an economic benefit and avoid prosecution through new forms of travel. This allows them to spread transactions across multiple nations around the globe, thus increasing the number of obstacles that need to be overcome for an investigation to be completed (Karofi, U, Mwanza, J). For example, this can be explained through the new forms of money laundering. Money laundering is ‘the process by which one conceals the existence, illegal source, or illegal application of income, and disguises that income to make it appear legitimate’ (President’s Commission on Organised Crime 1984, p. 7). This can be achieved through the process of transporting diamonds or gold or even through wire transfers (Morris-Cotterill, N). The lack of risk that is involved in these contemporary crimes is increasing the appeal for crimes such money laundering to occur. This is due to the fact that criminals know that it will prove to be difficult to investigate and prosecute their activities when it occurs on a transnational basis. This, in turn, gives more individuals the opportunity to commit these crimes with little risk that they will be caught. Furthermore, this targets potential naïve victims into partaking in these forms of criminal activity as they see an opportunity for financial benefit with little risk attached. As globalization continues to expand and provide individuals with the availability to commit new crimes, it results in the financial markets becoming increasingly unstable, which goes hand-in-hand with the reduction in the rate of the world economy (Caprio, G 2013, Nayak, S 2008). Conversely, this does not only target and harm those individuals that are linked to the financial markets; it may also affect each society and nation that is involved. Furthermore, this results in an increase in victimisation as these economic crimes may erode and distort competition, credit institutions, markets, and exchange and interest rates, thus affecting the national economy as a whole’ (Karofi, U, Mwanza, J, p. 7). This broadens the span and depth of victimisation from including anyone that is directly linked to the occurrence of money laundering to the majority population of each nation. Regardless of an individual’s socioeconomic status, these forms of crimes that occur affect all individuals. This is due to the fact that, despite affluence, most individuals require to take a loan from a bank some time in their life. Therefore, these modern...

Find Another Essay On How does Globalization Impact on Crime and Victimisation?

Impact of Globalization on Russia’s Political and Economic Development

1644 words - 7 pages others anywhere in the globe. This astonishing ability for global organizations is a product to the recent innovations and inventions. The political dimension mainly involves the reduction of the sovereign state due to the increase of multinational businesses. Socially, globalization has a great impact on how people today mingle and create relationships. The social mix has highly been affected by globalization and vice versa in that there is a new

Impact of Globalization on Mexican Culture and Identity

2064 words - 8 pages California and Arizona, you have more of a Southwest Flare. While globalization has made a drastic impact on cultures, culture itself has been able to be used to negotiate the terms at which globalization works. Yes, all cultures must now interact, but globalization does not have the power to make them all the same. Culture is a dominate force that has withstood many a tests. The current social transformation through globalization is very similar

The Impact of Globalization on Food, Fashion, Film, and Music

985 words - 4 pages “The World Bank defines globalization as the growing integration of economies and societies around the world” (, 2006) For me the impact of globalization when it comes to food fashion, film music and dance is when like minded groups come together from all different political dynamics that create virtual communities across the world. Globalization and food can be looked at in various angles. Globalization with how we purchase food

The Impact of Globalization on Leadership and Management

1211 words - 5 pages ). Globalization and its impact on leadership qualification in public administration. International Review of Administrative Sciences, 67 (4). Retrieved from Steger, Manfred D. Globalism: The New Market Ideology. Rowman & Littlefield Publishers, 2002.

Globalization and its impact on the Public Sector

1882 words - 8 pages Globalization PAGE \* MERGEFORMAT 9 Organizational Change within the Public Sector in the Age of GlobalizationOrganizational Change within the Public Sector in the Age of GlobalizationIntroductionGlobalization can be seen as a new phase of internationalization of forcing companies and countries reciprocally depend on degrees in the past. Here you can have globalization as the third phase of the internationalization of markets, the first of

Globalization and its impact on the Public Sector

1882 words - 8 pages Globalization PAGE \* MERGEFORMAT 9 Organizational Change within the Public Sector in the Age of GlobalizationOrganizational Change within the Public Sector in the Age of GlobalizationIntroductionGlobalization can be seen as a new phase of internationalization of forcing companies and countries reciprocally depend on degrees in the past. Here you can have globalization as the third phase of the internationalization of markets, the first of

Impact of Globalization on People

1576 words - 6 pages disadvantages of globalization are mostly related to the distribution of capital, and technological advances. We can understand from above discussion that the advantages of globalization have great impact on human life, and the advantages are more noticeable than the disadvantages. The disadvantages have also greatly affected the human life, but they are mostly related to the countries advancement or development, that is if the people of the country

Impact of Globalization on Pakistan

7267 words - 29 pages IMPACT OF GLOBALIZATION ON PAKISTANByABDUL MOHSINGlobalization is a process of interaction and integration among the people, companies, and the governments of different nations, a process driven by international trade and investment and aided by information technology. This process has many fold effects. It affects economic development and prosperity, culture, environment, political systems, and human physical well-being in societies around the

Impact of Globalization on Terrorism

1575 words - 6 pages Globalization is affecting most everything in the world today by mixing cultures, beliefs, people, and ideas together in the melting pot of society. Since terrorism has taken the impact of globalization it is leaving the world in a war of terror and a desperate effort to unite against the growing terrorist groups. After the numerous, tragic world wide events stemmed by terrorism such as: 9/11, bombing of the London subway, and the Beslan school

How does Intrapersonal and Interpersonal Perception Impact an Individual's Success

1341 words - 5 pages Success. Business Communication Quarterly, 76 (4), pp. 412-426. Cherian, J. and Jacob, J. 2013. Impact of Self Efficacy on Motivation and Performance of Employees. International Journal of Business Intrapersonal and interpersonal perceptions impact an individual’s success at university and later in the workplace through an individual’s emotional intelligence. Emotional intelligence is an individual’s ability to notice and manage emotional cues and

Impact of Globalization on Indian Economy

1997 words - 8 pages decrease the level of welfare. The outline of the paper is as follows. We begin with reviewing the existing literature available on the issues connecting globalization and growth. Chapter 3 will then examine the impact of globalisation on the economy of India which will be followed by Chapter 4 describing how foreign direct investment inflows affect India. The effect of foreign trade on the economic growth will then be assessed in Chapter 5 and future

Similar Essays

Globalization And Its Impact On Wealth Disparity

2835 words - 11 pages and starting point of economic liberalization will provide a better understanding on how globalization creates wealth disparity and define a period time in which proper comparison will be made in illustrating globalization's negative effect.How Does Globalization Create Wealth Disparity?Capital MobilityIn the capitalistic economic system, the nature of capitals is always in favor of places that is cost efficient in production network since capital

Globalization And Technology’s Impact On The World

2284 words - 9 pages aspects of culture. Global technology can affect all areas of life including economical, medical, cultural, and political.need to cite definition Technology in globalization is how new things spread and help to better develop our world and the way we live. Many discussions have taken place in recent years about the use of technology and globalization and its impact on the world has been both criticized and praised. Globalization and technology are

Globalization And Its Impact On Cities

1832 words - 7 pages technological developments. It is perceived as a universal economic force with a strong impact on societies and on the processes that shape them. In that sense, it summarizes the political-economy approach, which suggests a relation between the economy and culture, values, society, and politics. (Journal Pg-3) Accordingly, globalization is being used in the academic discourse as an explanation for all kinds of social change.It was important to take

How Does Culture Impact On The Planning And Carrying Out Of International Strategy And Negotiations

1943 words - 8 pages How does culture impact on the planning and carrying out of international strategy and negotiations. The main motive of this essay is to see how culture impact on plan and implementation of international strategy and negotiations in business world. The essay consist of concept of culture in broad sense. Then the paper present a short overview of Hofstede’s culture framework. The type of culture is broadly classified and majorly distributed into