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Catastrophic Beasts and How to Study Them Researching Illicit Financial Activities in International Political Economy

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  • Ahmet Ates

    (Igdır University)

Abstract

There is relatively less attention to illicit financial activities in the International Political Economy (IPE) studies, and it is quite ambiguous how to study these illicit activities. American IPE’s materialistic nature and state-centric approach miss essential features/relations of these illicit activities because they are neither materialistic nor state-centric. On the other hand, the British school is more suitable than American IPE because of its inclusive and multidisciplinary research and its engagement with realworld situations. However, its normative agenda and its motivation to judge rather than explain can be tricky in researching illicit activities. I argue that Constructivist IPE is the most suitable school because of its dynamism and concepts, namely meaning, cognition, uncertainty, and subjectivity. Utilizing these four concepts, researchers can conduct more detailed and more fruitful analyses regarding illicit financial activities. Showing why the Constructivist IPE is the most suitable school of IPE to research with a case study on tax havens’ status after 9/11, I assert that there should be more research in illicit financial activities in the IPE studies.

Suggested Citation

  • Ahmet Ates, 2021. "Catastrophic Beasts and How to Study Them Researching Illicit Financial Activities in International Political Economy," Bingol University Journal of Economics and Administrative Sciences, Bingol University, Faculty of Economics and Administrative Sciences, vol. 5(2), pages 215-240, December.
    • Handle: RePEc:bgo:journl:v:5:y:2021:i:2:p:215-240repec/bgo/
    DOI: https://doi.org/10.33399/biibfad.879116
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    International Political Economy; terrorism; tax havens; 9/11 attacks; hawala system;
    All these keywords.

    JEL classification:

    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

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