Globalization and Internet Fraud in Ghana

Abstract

Globalization has had a tremendous impact not only on the speed and organization of transnational interactions among different actors around the world in the social, economic, and political spheres, but has also created, as it interlaces with neoliberalism, constraints on livelihoods as well as new possibilities for subaltern agents to reconfigure their connections to the global (Petras and Veltmeyer 2001). These transformations have produced qualitative shifts in how transnational interactions are organized as they reconfigure the spatiotemporal environment within which those interactions occur (McGrew 2000, 48). “Part of the reason behind the developments noted above are technological innovations that allow the flow of capital and information to traverse physical boundaries with alacrity and to be integrated at an unprecedented level” (Tettey 2006, 33). Granova and Eloff (2004, 7) point out that “one of the most important enabling infrastructures of the globalised economy is without a doubt the Internet. The Internet revolutionized many industries in all corners of the world, with developing countries being no exception.”