Organized Crimes in the 21st century: Gauging the footprints of Globalization and Economic Liberalization
Hidayatullah National Law university, Raipur (C.G.), India.
Volume III – Issue I, 2021
At the onset of globalisation and economic liberalisation in 1998, the leaders of G8 had remarked that the phenomena of globalization carries with it the risk of a drastic increase in transnational crimes which impacts not only the peace and security of national citizens but poses a threat far greater; to the entire world as these transnational crimes have the potential to sabotage the very foundation of democracy on which the societies around the world rest. This is achieved through laundering of illegal money and corruption which ultimately leads to erosion of state machineries and deviation from rule of law. Criminal organizations are amongst the top benefiters from globalization. They have used this leap in extending their operation globally by criminalizing political activities as well as businesses and impairing law enforcement agencies.
Globalization and economic liberalization are unarguably the most consequential phenomenon of the 21st century. While the rewards of globalization and economic liberalisation are plenty, one must take a pause to introspect the price it comes with.
This paper aims to identify the role of globalization and economic liberalization in the field of transnational crimes with special focus on organized crimes. While methodically analysing the impacts, the article concludes by proposing measures required to combat these organized crimes..