GLOBALIZATION, COVID-19 PANDEMIC AND WHITE COLLAR CRIME: A NEW THREATENING COMBINATION

Abstract

In the modern world the phenomenon of economic globalization directly effects developments of law across various jurisdictions and effects the forms of white collar criminality in particular. The term “white collar crime” is proven to be ambiguous and not informative on what exactly types of criminal behavior this phrase should encompass. As globalization trends further gain momentum, national economies are becoming more internationalized and inter-dependent, and regulatory powers of individual states become diminished. During the COVID-19 pandemic era, as nations simultaneously cooperate and compete in efforts to create vaccine, enhance national public healthcare regimes, regulate border control and passenger traffic, fraudulent behavior becomes more aggressive as white collar criminals operate on a bigger scale than ever before. Analyses of these issues related to economic crime in the globalized pandemic-effected environment and identification of right solutions for this challenge constitute major focus of this work.