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Actual Issues Of Global Corruption

Author

Listed:
  • FETINIUC, Valentina

    (International Institute of Management IMI-NOVA, Chisinau, Republic of Moldova)

  • LUCHIAN, Ivan

    (International Institute of Management IMI-NOVA, Chisinau, Republic of Moldova)

  • TVIRCUN, Alexandra

    (Accent Group, Chisinau, Republic of Moldova)

Abstract

Modern corruption tends to exceed the boundaries of origin countries, becoming a shadowy part of the process of economic and financial globalization. It forms specific financial relations and illicit financial flows, produces distortions in the distribution of Gross Domestic Product, contributes to functioning of shadow economy and negative financial phenomena. In the context of globalization process, corruption can be divided into internal (ie origin of corruption practices of country's residents) and external (that is, the one practiced by participants outside the country for the satisfaction of their own interests). One form of the last is transnational corruption, which often takes place with the participation of transnational companies. Globalization of corruption activities requires unification of countries' efforts to tackle this issue effectively

Suggested Citation

  • FETINIUC, Valentina & LUCHIAN, Ivan & TVIRCUN, Alexandra, 2018. "Actual Issues Of Global Corruption," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 6(1), pages 288-298, October.
    • Handle: RePEc:vls:rojfme:v:6:y:2018:i:1:p:288-298
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    More about this item

    Keywords

    corruption; corruption finance; transnational corruption; illicit financial flow;
    All these keywords.

    JEL classification:

    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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