global black market in illegal drugs
Drug trafficking is the illegal buying, selling, and distribution of drugs across the black market, often involving smuggling them across borders and through multiple countries. It matters because it fuels organized crime, generates enormous profits for criminal organizations, and contributes to drug addiction and overdose deaths in communities worldwide.
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Bricks of cocaine, a form in which it is commonly transported. The illegal drug trade, drug trafficking, or narcotrafficking, is a global black market dedicated to the cultivation, manufacture, distribution, and sale of prohibited drugs. Most jurisdictions prohibit trade, except under license, of many types of drugs through the use of drug prohibition laws. The think tank Global Financial Integrity's Transnational Crime and the Developing World report estimates the size of the global illicit drug market between US$426 and US$652 billion in 2014. With a world GDP of US$78 trillion in the same year, the illegal drug trade may be estimated as nearly 1% of total global trade. Consumption of illegal drugs is widespread globally, and it remains very difficult for local authorities to reduce the rates of drug consumption.
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