SHADOW GLOBALIZATION
The article reviews some development trends brought about by globalization, particularly, a growing tax evasion and tax avoidance, an expansion of illicit financial flows and the proliferation of a global criminal network. The author draws attention to some new phenomena, particularly, cosmopolitani...
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| Format: | Article |
| Language: | English |
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MGIMO University Press
2014-06-01
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| Series: | Vestnik MGIMO-Universiteta |
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| Online Access: | https://www.vestnik.mgimo.ru/jour/article/view/116 |
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| author | L. M. Kapitsa |
| author_facet | L. M. Kapitsa |
| author_sort | L. M. Kapitsa |
| collection | DOAJ |
| description | The article reviews some development trends brought about by globalization, particularly, a growing tax evasion and tax avoidance, an expansion of illicit financial flows and the proliferation of a global criminal network. The author draws attention to some new phenomena, particularly, cosmopolitanization of some parts of national elites and a deepening divide between national interests and the private interests of elites as a consequence of financial globalization. Modern mass media, both Russian and foreign, tend to interpret globalization processes exclusively from the position of conformism, and for some of the researchers globalization became the "sacred cow", which one may only worship. Critical analysis of the processes associated with globalization is given a hostile reception. In response to criticism of globalization, one can hear the very same argument: "globalization in inevitable!" Such a state of affairs, the very least, causes perplexity. Some of the world development trends been observed over the past years raise serious concerns about the security and welfare of the peoples of the world. One of such trends has been the globalization of shadow economic activities. Methods of fight against the criminal economy been applied in international practice can be grouped into: 1) punitive enforcement (or criminal-legal) methods) and 2) socio-economic methods. As the results of various research works evidence punitive enforcement methods not supported by socio-economic measures not effective enough. Toughening the control over criminal economic activities in the absence of preventive and corrective actions aiming to neutralize institutional, social and other stimuli facilitating criminalization of economic activities can result in large losses of financial assets in the form of mass capital flight |
| format | Article |
| id | doaj-art-77f0e86634e04f6aabd405c6228e62be |
| institution | Kabale University |
| issn | 2071-8160 2541-9099 |
| language | English |
| publishDate | 2014-06-01 |
| publisher | MGIMO University Press |
| record_format | Article |
| series | Vestnik MGIMO-Universiteta |
| spelling | doaj-art-77f0e86634e04f6aabd405c6228e62be2025-01-30T12:16:10ZengMGIMO University PressVestnik MGIMO-Universiteta2071-81602541-90992014-06-0103(36)698110.24833/2071-8160-2014-3-36-69-81116SHADOW GLOBALIZATIONL. M. Kapitsa0Moscow State Institute of International Relations (University)The article reviews some development trends brought about by globalization, particularly, a growing tax evasion and tax avoidance, an expansion of illicit financial flows and the proliferation of a global criminal network. The author draws attention to some new phenomena, particularly, cosmopolitanization of some parts of national elites and a deepening divide between national interests and the private interests of elites as a consequence of financial globalization. Modern mass media, both Russian and foreign, tend to interpret globalization processes exclusively from the position of conformism, and for some of the researchers globalization became the "sacred cow", which one may only worship. Critical analysis of the processes associated with globalization is given a hostile reception. In response to criticism of globalization, one can hear the very same argument: "globalization in inevitable!" Such a state of affairs, the very least, causes perplexity. Some of the world development trends been observed over the past years raise serious concerns about the security and welfare of the peoples of the world. One of such trends has been the globalization of shadow economic activities. Methods of fight against the criminal economy been applied in international practice can be grouped into: 1) punitive enforcement (or criminal-legal) methods) and 2) socio-economic methods. As the results of various research works evidence punitive enforcement methods not supported by socio-economic measures not effective enough. Toughening the control over criminal economic activities in the absence of preventive and corrective actions aiming to neutralize institutional, social and other stimuli facilitating criminalization of economic activities can result in large losses of financial assets in the form of mass capital flighthttps://www.vestnik.mgimo.ru/jour/article/view/116«грязные деньги»globalizationtax avoidancetax evasionshadow economynon-observable economycriminal economic activityy“dirty money”money laundryoffshorefinancial action task force on money laundering - fatf |
| spellingShingle | L. M. Kapitsa SHADOW GLOBALIZATION Vestnik MGIMO-Universiteta «грязные деньги» globalization tax avoidance tax evasion shadow economy non-observable economy criminal economic activityy “dirty money” money laundry offshore financial action task force on money laundering - fatf |
| title | SHADOW GLOBALIZATION |
| title_full | SHADOW GLOBALIZATION |
| title_fullStr | SHADOW GLOBALIZATION |
| title_full_unstemmed | SHADOW GLOBALIZATION |
| title_short | SHADOW GLOBALIZATION |
| title_sort | shadow globalization |
| topic | «грязные деньги» globalization tax avoidance tax evasion shadow economy non-observable economy criminal economic activityy “dirty money” money laundry offshore financial action task force on money laundering - fatf |
| url | https://www.vestnik.mgimo.ru/jour/article/view/116 |
| work_keys_str_mv | AT lmkapitsa shadowglobalization |