Capitalism, Globalisation and Crime

• Who highlights the connection between economic globalization and elite crimes?

  Ian Taylor
• What does Ian Taylor argue about economic globalization?

  It increases crimes committed by elites
• What are the three problems discussed by Ian Taylor regarding the world economy?

  Global finance, law evasion, and inequality
• What financial crimes can elites commit due to global finance?

  Tax evasion and insider trading
• How much do tax havens cost taxpayers annually according to the IMF?

  $500 to $600 billion
• What is the estimated amount individuals have in tax havens?

  $36 trillion
• How do tax havens facilitate organized crime?

  They make it difficult to track money
• What is a consequence of Transnational Corporations (TNCs) moving to developing countries?

  Fewer environmental regulations
• Why do TNCs subcontract production processes?

  To reduce costs and maximize profits
• What does the case study of Union Carbide illustrate?

  Law evasion and corporate irresponsibility
• What happened in the Bhopal disaster in 1984?

  Deadly gas leaked, causing over 3500 deaths
• What was a major factor in the Bhopal gas leak?

  Inadequate safety procedures
• How much did Union Carbide pay in compensation after the Bhopal disaster?

  $470 million
• What was the outcome for the individuals responsible for the Bhopal disaster?

  They received minimal sentences
• What is a consequence of TNCs being mobile in terms of employment?

  Reduced job security for full-time staff
• How does global inequality contribute to international crime?

  Wealth increases demand for illegal goods
• What percentage of Colombia's population depends on the cocaine trade?

  20%
• What illegal activity is Afghanistan known for in relation to its economy?

  Growing opium poppies
• What effect does consumer culture have on crime in developed countries?

  Increases pressure to buy illegal products
• Why might illegal goods be more attractive in developing countries?

  They can be more lucrative than legal goods
• What is a common illegal activity in human trafficking networks?

  Selling children into prostitution
• What are the main arguments regarding the impact of globalization on crime?

  • Economic globalization increases elite crimes
  • Tax havens facilitate financial crimes
  • TNCs evade laws in developing countries
  • Global inequality drives international crime
• What are the consequences of TNCs moving operations to poorer countries?

  • Fewer environmental regulations
  • Increased use of illegal labor
  • Reduced job security for workers
  • Higher potential for corporate negligence
• How does consumer culture in developed countries affect international crime?

  • Creates demand for illegal goods
  • Encourages black market activities
  • Increases pressure to consume cheaply
• What are the long-term effects of the Bhopal disaster on the local population?

  • High incidence of birth defects
  • Chronic illnesses among survivors
  • Long-term environmental damage