Economic Effects of Crime in the U.S. Cause and Effect Essay by cee-cee
Economic Effects of Crime in the U.S.
This paper looks at the economic effects of criminal activity in the United States.
# 108725
| 769 words
| 3 sources
| APA
| 2008
| 
Published
on Oct 26, 2008
in
Economics
(General)
, Criminology
(Public and Crime)
, Sociology
(Theory)
, Criminology
(Criminal Justice and Corrections)
$19.95
Buy and instantly download this paper now
Description:
This paper discusses the direct and indirect costs of criminal activity. The paper first explains that the direct economic impacts of criminal activity are those born by its victims, represented by the material value of stolen property, and the cost of repairing the physical
damage or destruction of property caused by the methods used to effectuate the crime. The paper then explains that the indirect economic impacts of criminal activity are those born by private
entities, necessary to prevent and insure against crime, as well as the those born by society collectively, to prevent and deter criminal activity, and to apprehend, prosecute, and incarcerate criminal perpetrators. Next, the paper takes a closer look at specific types of criminal activity and economic effects on society. The paper discusses that criminal enterprises and conduct vary substantially, ranging from low-level, "street" crimes against persons, primarily for the tangible property in their possession, to sophisticated, "white collar" crimes perpetrated against large corporations or even against entire industries.
Outline:
Introduction
Street Crime and Property Crime
White Collar Crime, Organized Crime, and Abuse of Public Assistance Programs
Computer Crime and Identity Theft
damage or destruction of property caused by the methods used to effectuate the crime. The paper then explains that the indirect economic impacts of criminal activity are those born by private
entities, necessary to prevent and insure against crime, as well as the those born by society collectively, to prevent and deter criminal activity, and to apprehend, prosecute, and incarcerate criminal perpetrators. Next, the paper takes a closer look at specific types of criminal activity and economic effects on society. The paper discusses that criminal enterprises and conduct vary substantially, ranging from low-level, "street" crimes against persons, primarily for the tangible property in their possession, to sophisticated, "white collar" crimes perpetrated against large corporations or even against entire industries.
Outline:
Introduction
Street Crime and Property Crime
White Collar Crime, Organized Crime, and Abuse of Public Assistance Programs
Computer Crime and Identity Theft
From the Paper:
"White collar crime encompasses a wide variety of fraud and related criminal enterprises perpetrated against individuals as well as against corporations. It includes banking and investment fraud, insurance and mortgage fraud, corporate and public corruption, money laundering, as well as the abuse of public assistance and medical care funding programs."In total, it is impossible to quantify the precise economic costs of white collar crime, but it is certainly in the hundreds of billions of dollars, representing direct monetary losses as well as the cost of developing, implementing and maintaining security programs and procedures to prevent future and recurrent crimes of this nature."
Sample of Sources Used:
- Ballezza, R. (2007) The Social Security Card Application Process: Identity and Credit Card Fraud Issues; FBI Law Enforcement Journal, Vol. 76 No. 5, May/07
- Hendrie, E. (2006) Breaking the Bank; FBI Law Enforcement Journal, Vol. 75 No. 7, Jul/06
- U.S. Department of Justice (2007) Uniform Crime Reports. Federal Bureau of Investigation Homepage. Accessed October 23, 2007, at: http://www.fbi.gov/ucr/ucr.htm#cius
Cite this Cause and Effect Essay:
APA Format
Economic Effects of Crime in the U.S. (2008, October 26)
Retrieved May 22, 2013, from http://www.academon.com/cause-and-effect-essay/economic-effects-of-crime-in-the-u-s-108725/
MLA Format
"Economic Effects of Crime in the U.S." 26 October 2008.
Web. 22 May. 2013. <http://www.academon.com/cause-and-effect-essay/economic-effects-of-crime-in-the-u-s-108725/>