IDEAS home Printed from https://ideas.repec.org/p/unu/wpaper/wp-2022-171.html
   My bibliography  Save this paper

The state and the 'legalization' of illicit financial flows: Trading gold in Bolivia

Author

Listed:
  • Fritz Brugger
  • Joschka Proksik
  • Felicitas Fischer

Abstract

Most research on illicit financial flows (IFFs) has focused on illicit outflows from developing countries and the role of non-state actors in generating IFFs. Less attention has been paid to processes and interfaces through which IFFs enter formal value chains—in effect being 'legalized' before leaving the country—or the crucial role of state institutions as gatekeepers. We develop a novel explanatory approach to account for the enabling role of state institutions in the 'legalization' of IFFs.

Suggested Citation

  • Fritz Brugger & Joschka Proksik & Felicitas Fischer, 2022. "The state and the 'legalization' of illicit financial flows: Trading gold in Bolivia," WIDER Working Paper Series wp-2022-171, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2022-171
    as

    Download full text from publisher

    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2022-171-state-legalization-illicit-financial-flows-trading-gold-Bolivia.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Alex Cobham & Petr Janský, 2018. "Global distribution of revenue loss from corporate tax avoidance: re†estimation and country results," Journal of International Development, John Wiley & Sons, Ltd., vol. 30(2), pages 206-232, March.
    2. John Ruggie, 2008. "Protect, Respect and Remedy: A Framework for Business and Human Rights," Innovations: Technology, Governance, Globalization, MIT Press, vol. 3(2), pages 189-212, April.
    3. Rettberg, Angelika & Ortiz-Riomalo, Juan Felipe, 2016. "Golden Opportunity, or a New Twist on the Resource–Conflict Relationship: Links Between the Drug Trade and Illegal Gold Mining in Colombia," World Development, Elsevier, vol. 84(C), pages 82-96.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Domènec Melé & Carlos Sánchez-Runde, 2013. "Cultural Diversity and Universal Ethics in a Global World," Journal of Business Ethics, Springer, vol. 116(4), pages 681-687, September.
    2. Laudage, Sabine, 2020. "Corporate tax revenue and foreign direct investment: Potential trade-offs and how to address them," IDOS Discussion Papers 17/2020, German Institute of Development and Sustainability (IDOS).
    3. Davide Fiaschi & Elisa Giuliani, 2011. "The impact of business on society: exploring CRS adoption and alleged human rights abuses by large corporations," LEM Papers Series 2011/13, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    4. Demetrio Guzzardi & Elisa Palagi & Tommaso Faccio & Andrea Roventini, 2023. "In search of lost time: An ensemble of policies to restore fiscal progressivity and address the climate challenge," LEM Papers Series 2023/28, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    5. Florian Wettstein, 2010. "The Duty to Protect: Corporate Complicity, Political Responsibility, and Human Rights Advocacy," Journal of Business Ethics, Springer, vol. 96(1), pages 33-47, September.
    6. Fangjun Wang & Shuolei Xu & Junqin Sun & Charles P. Cullinan, 2020. "Corporate Tax Avoidance: A Literature Review And Research Agenda," Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 793-811, September.
    7. Graciela Corral de Zubielqui & Howard Harris, 2024. "Why the COVID-19 Crisis Is an Ethical Issue for Business: Evidence from the Australian JobKeeper Initiative," Journal of Business Ethics, Springer, vol. 190(1), pages 123-136, February.
    8. Nina Seppala, 2009. "Business and the International Human Rights Regime: A Comparison of UN Initiatives," Journal of Business Ethics, Springer, vol. 87(2), pages 401-417, August.
    9. Garcia-Bernardo, Javier & Janský, Petr, 2024. "Profit shifting of multinational corporations worldwide," World Development, Elsevier, vol. 177(C).
    10. Jodi L. Short & Michael W. Toffel & Andrea R. Hugill, 2016. "Code Contingencies: Designing Monitoring Regimes to Promote Improvement in Supply Chain Working Conditions," Harvard Business School Working Papers 17-001, Harvard Business School, revised Mar 2019.
    11. Alex Cobham & Tommaso Faccio & Javier Garcia‐Bernardo & Petr Janský & Jeffery Kadet & Sol Picciotto, 2022. "A Practical Proposal to end Corporate Tax Abuse: METR, a Minimum Effective Tax Rate for Multinationals," Global Policy, London School of Economics and Political Science, vol. 13(1), pages 18-33, February.
    12. Yong Geng & Wei Liu & Hanshu Chen & Xinyu Zou, 2023. "The Spillover Effects of Environmental Regulations: A Perspective of Chinese Unregulated Firms' Tax Burden," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 31(2), pages 84-111, March.
    13. Woodgate, Ryan, 2021. "Multinational corporations and commercialised states: Can state aid serve as the basis for an FDI-driven growth strategy?," IPE Working Papers 161/2021, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    14. George G. Brenkert, 2019. "Mind the Gap! The Challenges and Limits of (Global) Business Ethics," Journal of Business Ethics, Springer, vol. 155(4), pages 917-930, April.
    15. Carlos Mestanza-Ramón & Demmy Mora-Silva & Giovanni D’Orio & Enrique Tapia-Segarra & Isabel Dominguez Gaibor & José Fernando Esparza Parra & Carlos Renato Chávez Velásquez & Salvatore Straface, 2022. "Artisanal and Small-Scale Gold Mining (ASGM): Management and Socioenvironmental Impacts in the Northern Amazon of Ecuador," Sustainability, MDPI, vol. 14(11), pages 1-16, June.
    16. Luning, Sabine, 2012. "Corporate Social Responsibility (CSR) for exploration: Consultants, companies and communities in processes of engagements," Resources Policy, Elsevier, vol. 37(2), pages 205-211.
    17. Preetika Joshi & Edmund Outslay & Anh Persson & Terry Shevlin & Aruhn Venkat, 2020. "Does Public Country‐by‐Country Reporting Deter Tax Avoidance and Income Shifting? Evidence from the European Banking Industry," Contemporary Accounting Research, John Wiley & Sons, vol. 37(4), pages 2357-2397, December.
    18. Justine Nolan & Luke Taylor, 2009. "Corporate Responsibility for Economic, Social and Cultural Rights: Rights in Search of a Remedy?," Journal of Business Ethics, Springer, vol. 87(2), pages 433-451, August.
    19. Ludovic Feulefack Kemmanang, 2021. "Do thin capitalization rules crowd out multinational firms in Africa? Looking towards efficiency in revenue mobilization," Economics Bulletin, AccessEcon, vol. 41(2), pages 594-603.
    20. Deanna Kemp & John Owen & Nora Gotzmann & Carol Bond, 2011. "Just Relations and Company–Community Conflict in Mining," Journal of Business Ethics, Springer, vol. 101(1), pages 93-109, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:unu:wpaper:wp-2022-171. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Siméon Rapin (email available below). General contact details of provider: https://edirc.repec.org/data/widerfi.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.