icis-e-book-12.pdf
(209.59 KB, PDF)
… other dimensions of sustainability (Hudson, 2014). While always present, illegal activity has expanded and become an integral part of the current phase of capitalist development. Illegal practices are present in routine production in factories and workshops, in the widespread theft of intellectual property, in the growth of counterfeit products, in a variety of exchange and trading activities and, crucially, in flows of money and money laundering activities in centres of global finance that convert … But these have grown to become the sites of a majority of many of the financial transactions of the global economy: over 50% of international bank lending, approximately 33% of foreign direct investment, and 50% of global trade is routed on paper via OTHs which account for only 3% of world GDP (Christensen, 2011). Part III The socio-economic dimension 138 From one point of view the competitive success of particular companies and states and their economic sustainability is crucially … being made possible because of technological advances that are reducing the marginal costs of production of some goods and services effectively to almost zero and that are enabling production to be decentralised and exchange of services to be arranged online. In combination with internet communication and social networking, these developments have already transformed some economic sectors, such as the information, recording and publishing industries, where there is no longer need for information to …