Table of Contents



Economic Analysis and International Law

Marco Arnone and Leonardo S. Borlini

Corruption presents many legal and regulatory challenges, but these challenges cannot be met by the law in isolation. This book presents economic analysis of crime as an essential tool for shaping an effective legal apparatus. The authors contend that in order to assess whether and how to regulate corruption, it is necessary to start with a thorough inquiry into the causes, institutional and social effects, and most of all, actual and potential economic and financial consequences of crimes. This, they argue, should inform and help shape a balanced legal and regulatory approach to corruption.

Chapter 17: Asset recovery

Marco Arnone and Leonardo S. Borlini

Subjects: economics and finance, economic crime and corruption, law - academic, comparative law, corruption and economic crime, international economic law, trade law


The idea of creating a multilateral cooperation system for the recovery and restitution of assets that originate from crime is quite recent despite the fact that this phenomenon has had a significant economic and social impact, as everybody knows, especially with regard to developing countries. The IMF has estimated that the money that is laundered each year is equivalent to 3-5 percent of worldwide GDP: it is a sum that fluctuates between $600 billion and $1,800 trillion, of which a considerable part originates from corruption crimes.

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