1. Globalization and Drug Trafficking
Technology has enhanced and increased trafficking and the trade of drugs through illegal transactions. ... All transactions are cash based, and thus the funds must somehow be integrated into the formal economy, or through money laundering in order to conceal all transactions. ... The black market enforced LDC into bribery and illicit capital flow such as money laundering, which has created poverty to tremendously increase. The domestic, national, and international economics of the country becomes weakened as unemployment increases. ... An increase in unemployment and poverty is one of many f...
- Word Count: 3255
- Approx Pages: 13
- Has Bibliography
- Grade Level: Undergraduate