Global Black Markets for Arms, Drugs and Sex trafficking
Global Black Markets for Arms, Drugs and Sex trafficking The global black markets for arms, drugs (both organic and synthetic), and sex trafficking generate immense revenues annually. While precise numbers are challenging to determine due to the illicit nature of these activities, estimates offer a glimpse into the scale of these industries: Arms Trade: The global illegal arms market is estimated to generate revenues of $1 billion to $3 billion annually, as per various reports, though the overall global arms market (including legal trade) exceeds $100 billion. The United Nations and watchdog organizations like the Stockholm International Peace Research Institute (SIPRI) monitor these activities but often struggle with accurate data collection due to covert operations and smuggling. Drug Trade: The global illicit drug trade is valued at around $426 billion annually, making it one of the largest black markets worldwide. This figure includes both organic drugs (like cocaine and opium...