Instances of Economic Crime in Romania. Case Study on the Years 2004-2009

Ion Gane and Assistant Marcela Ganea
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Ion Gane: Lucian Blaga University, Sibiu
Assistant Marcela Ganea: Artifex University of Bucharest

Romanian Statistical Review Supplement, 2014, vol. 62, issue 4, 142-150

Abstract: PwC has made surveys of the economic crime since 2001. The 2011 survey finds that Romania reports low level of fraud and explains that it may be because respondents to the questionnaire are reluctant to provide answers. The chart shows indeed an overall decrease in economic crimes from 47% in 2001 to 37% in 2011, year 2005 was the peak with 45%.That is why we focused our study on the years around 2005.For many countries, Romania for example, the major security threat is the poverty which can fuel organized crime activity. Poverty can fuel the extremism and radicalism attitudes, the diminishing of the state institutions authority and efficiency, finally affecting even the social cohesion and balance. The 2009 global report of PriceWaterHouse and Coopers consulting company found that only 16% of Romanian companies suffered from economic crime in 2009. However, the global average rate was 30% while in Central and Eastern Europe, the rate was 34%. For analysts who do not know Romania, this may mean a good rate. However, appearance must not mislead us. Various indicators suggest that economic crime still remains undetected or not reported.

Keywords: economic crime; economic recession; fraud; organized crime; poverty (search for similar items in EconPapers)
Date: 2014
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