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156968

THE IMPACT OF MONEY LAUNDERING OPERATIONS ON SUSTAINABLE DEVELOPMENT IN EGYPT

Article

Last updated: 03 Jan 2025

Subjects

-

Tags

Economics

Abstract

The study aims to shed light on the negative effects of money laundering operations on sustainable development and the national economy in Egypt. This is achieved by studying the extent of the linkage of money laundering operations, as economic development reflects sustainable development and comprehensive development, because development does not aim to maximize per capita output. But also to achieve the basic needs of individuals, raise their living standards, reduce poverty, reduce the misallocation of national income, and achieve economic and social well-being through the optimal use of resources and reduce unemployment, in addition to justice in Development outcomes are communicated to all members of society while providing productive and social services. The researchers relied on reports and bulletins issued by (arab Monetary fund, Bulletin of Economic Statistics of Arab Countries, Report on Monitoring Economic and Social Performance at the Ministry of Planning, Follow-up and Administrative Reform) and through some methodological procedures (inductive, deductive, descriptive and analytical), study and analysis of economic indicators of the Egyptian reality during the year (2000-2018) , in order to reach the negative effects of money laundering in order to work to reduce or eliminate. The study reached the following results: 1. Money laundering negatively affects the achievement of sustainable development through its negative impact on economic development and threatening economic stability. 2. Money laundering has a negative impact on the national economy through a decline in public revenues, which negatively affects the state's ability to meet its obligations, in addition to increasing the gap between production and consumption, as well as the balance of payments gap. Money laundering has negative effects on the national economy. The most important recommendations of the researcher include the following: 1. Work to integrate the hidden economy into the formal economy through laws and legislation that facilitate this, in addition to tax incentives. 2. Develop a strategy to achieve high growth rates that are higher than the rate of increase in population, and work to redistribute national income, and take into account most aspects that achieve economic development in the short term and work to achieve sustainable development in the long term.      

DOI

10.21608/jes.2019.156968

Authors

First Name

Melad B.

Last Name

Gabra

MiddleName

-

Affiliation

Arbah Real Estate Development & Investment Co

Email

-

City

-

Orcid

-

First Name

Amr H.

Last Name

Abdel Bar

MiddleName

-

Affiliation

Faculty of Commerce, Ain Shams University

Email

-

City

-

Orcid

-

First Name

Mahmoud A. M.

Last Name

Amin

MiddleName

-

Affiliation

Faculty of Commerce, Ain Shams University

Email

-

City

-

Orcid

-

Volume

48

Article Issue

2

Related Issue

21423

Issue Date

2019-12-01

Receive Date

2019-12-16

Publish Date

2019-12-01

Page Start

491

Page End

515

Print ISSN

1110-0826

Online ISSN

2636-3178

Link

https://jes.journals.ekb.eg/article_156968.html

Detail API

https://jes.journals.ekb.eg/service?article_code=156968

Order

19

Type

Review Article

Type Code

599

Publication Type

Journal

Publication Title

Journal of Environmental Science

Publication Link

https://jes.journals.ekb.eg/

MainTitle

THE IMPACT OF MONEY LAUNDERING OPERATIONS ON SUSTAINABLE DEVELOPMENT IN EGYPT

Details

Type

Article

Created At

22 Jan 2023