The impact of white-collar crime on Jamaica
Dear Editor,
White-collar crime, also known as corporate crime, refers to non-violent crimes committed by individuals or organisations in the course of their business or professional activities.
In Jamaica, white-collar crime has been a persistent problem that has had significant negative impact on the country.
From a sociological perspective, this type of crime can be understood as a product of the societal and cultural norms that shape the behaviour of individuals and organisations. Jamaica, like many developing countries, has a culture of corruption that is deeply ingrained in its society and can be seen in the widespread acceptance of bribes, embezzlement, and other forms of white-collar crime as a normal part of doing business.
The impact on Jamaica is significant and far-reaching. It undermines the rule of law, erodes public trust in Government and institutions, and stifles economic growth. It also has a disproportionate impact on the poor and vulnerable members of society who are often the victims of fraud and other financial crimes.
One of the most damaging consequences of corporate crimes in Jamaica is the loss of foreign investment and the retardation of economic development. The country’s reputation for corruption makes it a less-attractive destination for foreign investment, which is crucial for the country’s economic growth and development.
Additionally, it also affects the country’s reputation internationally, which can lead to sanctions and other penalties being imposed by foreign governments and international organisations.
White-collar crime is a serious problem in Jamaica that has far-reaching, negative impact on the country. It is important for the Government and society as a whole to address the root causes, including the culture of corruption, in order to combat this problem and promote economic development and social justice.
Janiel Mcewan janielmcewan17@gmail.com