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Article
Publication date: 16 April 2020

Marie Freckleton and Patrice Whitely

The purpose of this paper is to examine the effects of a regional trade agreement among a group of small island developing states on trade creation and trade diversion.

Abstract

Purpose

The purpose of this paper is to examine the effects of a regional trade agreement among a group of small island developing states on trade creation and trade diversion.

Design/methodology/approach

An augmented gravity model and panel data are used to estimate the trade creation and trade diversion effects. The generalized method of moments technique is used to account for possible endogeneity. Country pair and time fixed effects are also included.

Findings

The regional trade agreement had a positive effect on intra-regional trade creation, but there was no significant diversion of imports from extra-regional trade partners.

Practical implications

Small developing economies can benefit from regional trade agreements (RTAs) among themselves. The trade diversion effects of such agreements are likely to be limited.

Originality/value

To the best of authors’ knowledge, this is the only paper which investigates the impact of RTAs among small island developing states.

Details

International Journal of Development Issues, vol. 19 no. 2
Type: Research Article
ISSN: 1446-8956

Keywords

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Article
Publication date: 9 March 2020

Marie Freckleton

This paper aims to explain the reasons for the introduction of unexplained wealth orders (UWOs) in Trinidad and Tobago and highlights potential obstacles to implementation.

Abstract

Purpose

This paper aims to explain the reasons for the introduction of unexplained wealth orders (UWOs) in Trinidad and Tobago and highlights potential obstacles to implementation.

Design/methodology/approach

The research is based on secondary sources. The Civil Asset Recovery and management and Unexplained Wealth Act (CARAMAUWA) (2019) and relevant reports were reviewed.

Findings

The CARAMAUWA provides two potentially powerful tools to confiscate the proceeds of crime. However, the UWOs have greater potential. Effective implementation will require adequate human and financial resources, as well as measures to reduce corruption.

Research limitations/implications

The CARAMAUWA became operational on 14 June 2019 so it was not possible to assess actual implementation.

Practical implications

UWO is a useful tool for controlling money laundering.

Social implications

Effective control of money laundering can reduce crime.

Originality/value

No other study has examined the reasons for the introduction of the UWO in Trinidad and Tobago and the potential challenges to implementation.

Details

Journal of Money Laundering Control, vol. 23 no. 2
Type: Research Article
ISSN: 1368-5201

Keywords

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Article
Publication date: 7 January 2019

Marie Freckleton

This paper aims to assess the effectiveness of Jamaica’s anti-money laundering regime.

Abstract

Purpose

This paper aims to assess the effectiveness of Jamaica’s anti-money laundering regime.

Design/methodology/approach

The research is based on secondary sources. Existing laws and reports of relevant agencies were reviewed.

Findings

The effectiveness of Jamaica’s anti- money laundering regime is compromised by weak implementation of the regulations. The real estate sector and the legal profession remain vulnerable to money laundering. Some features of the economy allow criminals to circumvent the regulations.

Research limitations/implications

The research is based on qualitative analysis because of the absence of data to compute quantitative measures of effectiveness.

Practical implications

Strong enforcement is required for effective control of money laundering. Furthermore, investigation of money laundering needs to be pro-active and not dependent solely on suspicious transactions reports in countries where corruption is prevalent.

Social implications

Weak money laundering control can contribute to social instability by allowing criminals to gain significant economic power and influence.

Originality/value

No other study has highlighted the factors undermining the effectiveness of anti-money laundering regulations in Jamaica.

Details

Journal of Money Laundering Control, vol. 22 no. 1
Type: Research Article
ISSN: 1368-5201

Keywords

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Article
Publication date: 26 October 2012

Marie Freckleton, Allan Wright and Roland Craigwell

The purpose of this paper is to examine the relationship between economic growth, foreign direct investment (FDI) and corruption.

Abstract

Purpose

The purpose of this paper is to examine the relationship between economic growth, foreign direct investment (FDI) and corruption.

Design/methodology/approach

Data for 42 developing countries and 28 developed countries is analyzed using panel dynamic ordinary least squares.

Findings

FDI has a significant influence on economic growth in both the short run and the long run for developing and developed countries. In the cases of the developing economies, lower levels of corruption enhance the impact that FDI has on economic growth.

Originality/value

The study links corruption to the impact of FDI on economic growth.

Details

Journal of Economic Studies, vol. 39 no. 6
Type: Research Article
ISSN: 0144-3585

Keywords

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