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Effects of Economic and Financial Crimes. Ways of Fighting Against

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Economic and Financial Crime

Part of the book series: Studies of Organized Crime ((SOOC,volume 20))

Abstract

The last chapter emphasizes the effects of such economic and financial crimes at economic, financial social, and political levels. The presentations made include, on one hand, a synthesis of the review of the specialized literature about the relations investigated and, on the other hand, the progress of own studies for documenting the existence and intensity of such influences.

The economic and financial effects of economic and financial crimes are presented within two opposite theories: “sand the wheels” theory and “grease the wheels” theory. An important strand in the literature supports the “sand the wheels” theory, documenting the negative influence of economic and financial crime upon the economy, under the various forms: on economic and sustainable development, on the state budget, and on business performance. We also discuss about the “grease the wheels” theory which document some positive effect of economic and financial crime upon the economic and sustainable development of countries. Then, social effects of the economic and financial crime on the volume and quality of public services, on population health, are analysed.

The negative effects of economic and financial crime acts calls for a focus on professional organizations to combat this scourge. For this purpose, this chapter summarizes the measures to prevent and fight against this scourge and the main international and national bodies meant to implement these measures in the fight against economic and financial crimes. Finally, we present short allegations about the usage of the judicial expertise as specific technical method meant to investigate the economic and financial crime.

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Notes

  1. 1.

    Dual practice refers to doctors working in both public and private medical institutions.

  2. 2.

    The United Nations Convention against Corruption, in force since December 14, 2005,

  3. 3.

    Item 3521.2. paragraph ii of the Professional Norm 35 Accounting expertise

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Authors and Affiliations

  1. Faculty of Economics and Business Administration, Babes-Bolyai University, Cluj-Napoca, Romania

    Monica Violeta Achim

  2. Faculty of Economics, University of Oradea, Oradea, Romania

    Sorin Nicolae Borlea

  3. Faculty of Economics, Informatics and Engineering, ‘Vasile Goldis’ Western University of Arad, Arad, Romania

    Sorin Nicolae Borlea

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  1. Monica Violeta Achim
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  2. Sorin Nicolae Borlea
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Achim, M.V., Borlea, S.N. (2020). Effects of Economic and Financial Crimes. Ways of Fighting Against. In: Economic and Financial Crime. Studies of Organized Crime, vol 20. Springer, Cham. https://doi.org/10.1007/978-3-030-51780-9_4

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