contemporary economic crime and corruption in Russia

contemporary economic crime and corruption in Russia

introduction

I chose the article, ‘contemporary financial crime and corruption in Russia’ as it is well organized and examines corruption which is an issue affecting every country in the world. In the developing world, the question of bribery requires support from international developmental; organization and a vast audience. The article examines the causes and effects of corruption in Russian. The report contains findings which are dependent on corruption and economic crime. The results illustrated the tremendous increase in crimes and corruption rates in Russia. Corruption is in every society and occurs in a very set of civilization. It has very many shapes and effects on both the community and the nation at large. Therefore, the main aim of this article will be to provide a critical review of the report.

The introduction of the article provides a broader understanding of the cultural influences on the leading causes of Russia’ underdevelopment. It also discusses the impacts of corruption on bank lending and the vast effects that crime has on economic development. The main aim of the paper is to help the reader have a rough idea of the international practices for preventing corruption and increasing rates of fraud. The article also integrates scholarly research, which provides a connection between the norms corrupting the community and the origins of scams. The article also presents a review of literature on the economic aspects leading to corruption, the scope of crime and the criminal structure for the offenders. The report also discusses corruption in Russia which evolves from the hijacking of the business and state property. However, the article state that the current index of Russia does not show does not provide a clear picture of how the perception of corruption has changed over the years. More so, the article states that corruption in Russia has become a norm, and people embrace it.

The article has researched an essential topic of crime and corruption, which is something affecting most countries in the developing world. It is clear from the abstract of the article that the issue of corruption and crime in Russia is a significant challenge affecting the county’s economic development. The way the article explains the issue of corruption. The report also acknowledges that the highest level of the hierarchy is the one that is mostly involved in corruption cases. It is sad how crime rates and corruption are rampant in this area. According to the article, the leading cause of corruption cases in Russia is bribery and high level of political monopolization. The origins of corruption from the report are the same compared to the roots of the crime in other countries.

The approach use in this article is vital as it helps students to have relevant information for the research and allow them to have important information at their fingertips. There are also findings of the study which addresses the impacts that corruption has had in Russia. For instance, it states how crime has had a considerable effect on Putin’s policies in the country. The findings also show the relationship between the level of corruption with that of bureaucrats in the area. It also focuses on the impacts of crime on bank lending. It is essential to have findings in research as it helps the readers understand how huge the topic affects a particular area. Various researchers define corruption in their way. For this article, the researcher explains crime based on three premises of paradigm. However, the definition of the researcher leaves one confused as it is too detailed and not straight to the point.

The main strength of this article is that it contains an unbiased perspective of the effects that corruption has on every country. The report does this by providing a reasonable argument to discuss the topic in full length. For instance, the results of the study go hand in hand with prior research of evidence of perceptions in Russian’s corporate culture on corruption. The arguments put in place by the researcher give valuable knowledge on the organization and the degrees of fraud activities inside the law enforcement platforms and the corrupt networks between authorities and states.

What makes an article unique compared to other piece is the literature review, the selection of resources, and how well it is organized. Conducting a useful literature review helps a researcher build knowledge in the field of research and also captures the readers’ attention. The article adds to the literature writing as it puts every subject with regards to its commitment in this way empowering the reader to comprehend the principle problem statement. For instance, the causes, the impacts and the danger facing corruption are grouped in their various categories. In this way, the reader can get a rough idea of what the article is all about. One of the benefits derived from ding a literature review shows which researcher has written and will be included in the references. In this case, the researcher included the doctoral project in his research and stated it at the end of his study.

Overall, the article was well written as it was well organized, contained good arguments and was detailed. However, the researcher failed to include facts and statistics. Using statistics make argument effective and powerful. Data and statistics are said to be the product of research and researchers are encouraged to use them. Moreover, using statistics help the research to be free form biases or weaknesses that could be detected in the study. The article is not useful for the students, politicians, as well as the economist. From this, it is essential to understand that corruption is a controversial thing that can devastate the economic development of a country. The citizens should fight against corruption any other crimes in the government as they are said to be enemy of the people. Generally, the article is informative, has intense research on the current issues and also abides by the rules of literature.

References

Ionescu, L. (2011). Contemporary economic crime and corruption in Russia. Economics, Management, and Financial Markets, 6(2), 137-142.