CIAO DATE: 10/03

International Dimensions of Corruption: The Russian Case

Abstract

The globalization of the fruits of Russian organized crime and corruption have affected Russia¹s international image and undermined state capacity. The departure of illicitly gained billions quickly diminished the capacity of even a once formidable power. It deprived Russia of the resources it needs to rebuild the state infrastructure, service its debts and pay the salaries and pensions of its citizens. The failure of a former superpower to meet the basic needs of its citizens has served as a powerful lesson to the international community. This occurred, in part, because those who controlled the state¹s capital could move money abroad in enormous amounts and great rapidity.

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