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Laundering Cash, White Washing Reputations

Bibliographic Data

ID6288904
AuthorsAlexander Cooley (0000-0001-5611-630X, University of Cambridge), John Heathershaw (0000-0002-9818-1860, University of Cambridge), J C Sharman (0000-0002-7727-1496, University of Cambridge)
Year2018
Volume29
Issue1
Pages39-53
Publication date2018-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of democracy (JOURNAL)
Journal identifiersISSN: 1045-5736 • E-ISSN: 1086-3214
PublisherProject MUSE (PUBLISHER • US)
DOI10.1353/jod.2018.0003
OpenAlexW2783132565
LanguageEN
Citations received32
References cited4

A growing body of analysis has explored how kleptocrats systematically capture and loot their domestic state institutions, but scholars and policy makers have paid less attention to how globalization enables grand corruption, as well as the laundering of kleptocrats’ finances and reputations. Shell companies and new forms of international investment, such as luxury real-estate purchases, serve to launder the ill-gotten gains of kleptocrats and disimbed them from their country of origin. Critically, this normalization of “everyday kleptocracy” depends heavily on transnational professional intermediaries: Western public-relations agents, lobbyists and lawyers help to recast kleptocrats as internationally respected businesspeople and philanthropic cosmopolitans. The resulting web of relationships makes up a “transnational uncivil society,” which bends global-governance institutions to work in its favor

Business · Cash · Corporate governance · Economics · Globalization · Intermediary · Language change · Money Laundering · Normalization (sociology · Political economy · Political science · Public relations · Sociology · Corruption and Economic Development · Crime, Illicit Activities, and Governance · Law · Finance

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Unique citing works32
Citations per year4,57
Citation span2019 - 2026 (8)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 31

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