Business Crime

The chapter under consideration, in this case, is 'Business Crime.' The article related to the topic is “The changing place of fraud in seventeenth-century public debates about international trading corporations." The article interrogates the immoral and dishonest commercial practices and its changing roles in the context of the corporate management of trade in England. The time that the article is referring to is the seventeenth century. Various bases made it easy for fraud to thrive in the trading corporations, some of which have currently been rectified. The fraud was widely used in public justifications for the trading corporations.

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During that time, the corporations were depicted as unaccountable and that their trust was not credible. Again, the years of trading experience allowed the traders to promote the unregulated trade, hence leading to a situation where there were various fraudulent activities; this encouraged fraud, dishonesty, and immorality. The corporate body became a tool for fraud instead of the individual international merchant that the corporation was meant to check on (Pettigrew, 2018).

The author of the article underscores the need for the corporations to make interventions, as highlighted in the trading companies' history, to tailor-make the appropriate measures that can be used to curb crimes in the corporate world. The unveiling of the fraudulent commercial behavior in corporate management, especially in the international context, makes it possible to connect international contexts to corporate governance adjustments and provides more insight into corporations. This can help policymakers be better positioned to address gaps that are likely to lead to fraudulent activities in the corporate setting. One can see how fraudulent activities have been evolving. .

Reference

Pettigrew, W. A. (2018). The changing place of fraud in seventeenth-century public debates about international trading corporations. Business History, 60(3), 305-320.