Financial Crime and Corruption by Samuel Vaknin
2. A larger scale of operation does introduce
economies of scale (and thus lowers prices).
This, however, is not infinitely true. There is a
Minimum Efficient Scale - MES - beyond which
prices will begin to rise due to monopolization of
the markets. This MES was empirically fixed at
10% of the market in any one good or service. In
other words: companies should be encouraged to
capture up to 10% of their market (=to lower
prices) and discouraged to cross this barrier, lest
prices tend to rise again.
Chapters
- Chapter 1 Ch.1
- 1997. The US Department of Justice brought another 30 Ch.2
- 1989. Both events have forever altered the patterns of the Ch.3
- 1. Egregiously corrupt, high-profile, public figures, Ch.4
- 2. All international aid, credits, and investments must Ch.5
- 3. Corruption cannot be reduced only by punitive Ch.6
- 4. Opportunities to be corrupt should be minimized Ch.7
- 5. Corruption is a symptom of systemic institutional Ch.8
- 6. Corruption is a symptom of an all-pervasive sense Ch.9
- 1999. Its report remains classified but Stroev confirmed Ch.10
- 1995. PwC did make a mild comment in the 1997 audit. Ch.11
- introduction of best independent directors' practices". Ch.12
- 1989. Six years later, their number shrank to 1,612 and it Ch.13
- 2600. By 2002, it has increased elevenfold since 1995. Ch.14
- 2001. Nine of every 10 hijacked ships are ultimately Ch.15
- 4. NEVER expect ANY help from the Nigerian Ch.16
- 5. NEVER rely on YOUR Government to bail you Ch.17
- 1996. Iraqis are also being trained in Belarus to operate Ch.18
- 1. Job security is a thing of the past. Itinerancy in various Ch.19
- 2. Outsourcing and offshoring of back office (and, more Ch.20
- 3. The populace in developed countries are addicted to Ch.21
- 4. The other side of this dismal coin is workaholism - the Ch.22
- 5. The depersonalization of manufacturing - the Ch.23
- 6. Many former employees of mega-corporations abandon Ch.24
- 7. Despite decades of advanced notice, globalization Ch.25
- 8. The decline of the professional guilds on the one hand Ch.26
- 9. The quality of one's work, and of services and products Ch.27
- 10. Moral relativism is the mirror image of rampant Ch.28
- 11. The disintegration of the educational systems of the Ch.29
- 12. Irrational beliefs, pseudo-sciences, and the occult Ch.30
- 1. That the fair "value" of a share is closely Ch.31
- 2. That price movements are mostly random, though Ch.32
- 3. That the fair value responds to new information Ch.33
- introduction of a reciprocal visa regime between the two Ch.34
- 1. Legal activities that are not reported to the tax Ch.35
- 2. Illegal activities which, needless to say, are also Ch.36
- 1. How to make sure that the expenditures match and Ch.37
- 2. How to prevent the criminally corrupt activities Ch.38
- introduction of free marketry are unemployment and Ch.39
- 1. There should be no barriers to the entry of new Ch.40
- 2. A larger scale of operation does introduce Ch.41
- 3. Efficient competition does not exist when a market Ch.42
- 4. A competitive price will be comprised of a Ch.43
- 1. Blocking Statutes - which prohibit its legal entities Ch.44
- 2. Clawback Provisions - which will enable the local Ch.45
- 1. National laws should be applied to solve Ch.46
- 2. Parties, regardless of origin, should be treated as Ch.47
- 3. A minimum standard for national antitrust rules Ch.48
- 4. The establishment of an international authority to Ch.49
- 1. Agreements to fix prices (including export and Ch.50
- 3. Market or customer allocation (division) Ch.51
- 5. Collective action to enforce arrangements, e.g., by Ch.52
- 6. Concerted refusal to sell to potential importers; Ch.53
- 7. Collective denial of access to an arrangement, or Ch.54
- introduction of new management techniques (example: Ch.55
- 1. They attack the perceived source of frustration in Ch.56
- 2. They seek to subsume the object of envy by Ch.57
- 3. They resort to self-deprecation. They idealize the Ch.58
- 4. They experience cognitive dissonance. These Ch.59
- 5. They avoid the envied person and thus the Ch.60
- 2. It is impossible for two players to improve the Ch.61
- 3. Is not influenced by the introduction of irrelevant Ch.62
- 4. Is symmetric (reversing the roles of the players Ch.63
- 1. Crooks and other illegal operators. These take Ch.64
- 2. Illegitimate operators include those treading the Ch.65
- 3. The "not serious" operators. These are people too Ch.66
- 4. The former kind of operators obviously has a Ch.67
- 5. Speculators and middlemen are yet another Ch.68
- 6. The last type of market impeders is well known Ch.69
- 1995. But the phenomenon recurred in Kosovo. Ch.70
- 1. What part of the NGO's budget is spent on salaries and Ch.71
- 2. Which part of the budget is spent on furthering the aims Ch.72
- 3. What portion of the NGOs resources is allocated to Ch.73
- 4. What part of the budget is contributed by governments, Ch.74
- 5. What do the alleged beneficiaries of the NGO's Ch.75
- 6. How many of the NGO's operatives are in the field, Ch.76
- 7. Does the NGO own or run commercial enterprises? If it Ch.77
- 1. The process and rules of joining up (i.e., the Ch.78
- 2. The application and membership procedures are Ch.79
- 3. The system alters its membership requirements in Ch.80