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Transnational white‐collar crime and risk
Author(s) -
Gibbs Carole,
McGarrell Edmund F.,
Axelrod Mark
Publication year - 2010
Publication title -
criminology and public policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.6
H-Index - 33
eISSN - 1745-9133
pISSN - 1538-6473
DOI - 10.1111/j.1745-9133.2010.00649.x
Subject(s) - white collar crime , psychological intervention , intervention (counseling) , organised crime , collar , white (mutation) , systemic risk , business , financial crisis , externalization , political science , criminology , economics , finance , law , sociology , psychology , macroeconomics , social psychology , biochemistry , chemistry , psychiatry , gene
Research Summary Business transactions have increasingly been crossing national borders, thereby presenting greater opportunities for white‐collar crime and for the externalization of risk. The global economic crisis, resulting in part from the subprime mortgage scandal, is a prime example of this potential. To develop theoretical perspectives and practical interventions to prevent and respond to the global financial crisis, we consider similar issues of risk and white‐collar crime associated with global transactions in electronic waste (E‐waste). Policy Implications Smart (or responsive) regulation is a promising approach for addressing both E‐waste and the current economic crisis. This response includes crime prevention, third‐party‐ and self‐regulation, and the threat of strong state intervention. Future research should explore the extent to which smart regulation reduces specific forms of white‐collar crime and risk, as well as whether these interventions generalize to other transnational problems.