The Global Economy’s Corporate Crime Wave
"Money doesn't talk; it swears," as Bob Dylan once wrote, and it is corrupting politics and markets around the world. Indeed, the explosion of corporate crime – in the US, Europe, China, India, Africa, Brazil, and beyond – raises a host of challenging questions about its causes, and about how to control it now that it has reached epidemic proportions.
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NEW YORK – The world is drowning in corporate fraud, and the problems are probably greatest in rich countries – those with supposedly “good governance.” Poor-country governments probably accept more bribes and commit more offenses, but it is rich countries that host the global companies that carry out the largest offenses. Money talks, and it is corrupting politics and markets all over the world.