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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
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    References listed on IDEAS

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    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.
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