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JSPES, Vol. 26, No. 4 (Winter 2001 )
pp 643-669

Economic Crime in Romania

Filip R. Ghitescu and Mihai Banciu

At this point, a Romanian company has far more incentives to activate in the shadow economy than it has to operate legally and legitimately. Economic crime is directly related to the lack of economic reforms, the slow pace of privatization, and the weak legal framework. Economic crime in Romania is characterized by the emergence of organized criminal gangs. These are connections within this community that have important impacts on money laundering, terrorist activities and counterfeiting.