The Link Between Globalization and Corruption

Posted by Cindy on August 3, 2009

The advances made in the last few decades in the systems of communication and the technology of information has transformed the ways in which anti-money laundering and anti-corruption organizations conduct their investigations.  Now it seems that there is always an escape route which provides criminals with the easy means of vanishing the transactions of money made illegally through the assistance of electronic and computerized transactions.

This is an area of the war against corruption which must be monitored constantly, as the businesses of the world’s more advanced and wealthy nations have an advantage over businesses in countries that have no access to this side of globalization.  Globalization and the state of a country’s economy have often times been connected to the evidence found and the occurrence of corruption.  Developed countries are proving to be those that are more involved in the laundering of money, of bribery and of corruption.  Ironically, corruption and poverty generally go hand in hand, and the gap between the wealthy and the poor gets larger as time passes.

With this kind of link between corruption and developing nations the law enforcement agencies as well as the justice systems are also believed to be becoming more entrenched in corruption.  The justice systems of the world must remain honest and with integrity in order to effectively tackle criminal activities, as during this era of the threat of terrorism throughout the globe.  Bribery and the threat of other forms of corruption serve to threaten the backbone of democracy and can even encourage some in society and the government in criminal endeavors.  Accountability and transparency must be enforced.  The public must become aware of the processes and practices of the police departments and the justice systems in order for all the information to remain open and under the careful watch of the public as well as the anti-corruption agencies.