China, globalisation and crime: a potential victim of its own prospective success?

Describes corruption in China as accounting for 4‐8% of its GDP and as such a restraint on the financial system’s ability to carry out its basic functions, despite the undeniable dynamism of its emerging economy. Points out that globalisation depends on free capital movements between developed and underdeveloped countries and that it has electronic commerce at its heart, and both these facilities are being rapidly infiltrated by criminal organisations. Concludes that the current global political climate could make China a suitable target for both terrorists and protesters, and uses Russia as an example of a formerly Communist state dominated by corruption.