The Illicit International Political Economy: Trade Disruption, Corruption, and Cybercrime
Overview
This paper examines how illicit trade disrupts normal international trade flows and the global economy. It analyzes corruption as a critical facilitator of illegal trade in both public and private sectors, providing examples of corrupt government officials and exploring the emergence of illicit trade in the cybersphere.
What this essay covers
- Introduction and impact of illicit trade on global trade patterns
- Corruption defined: public and private sector facilitators and their role in enabling illegal commerce
- Case examples of corrupt government officials and their economic/environmental consequences
- Emergence of illicit trade in the cyber world and Dark-net markets
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The Illicit International Political Economy (IPE)
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The Illicit International Political Economy (IPE)
How trade is affected from its normal flow. Is there any development regarding trade? How are perpetrators facilitating illicit trade?
Trade across different parts of the world is rapidly changing due to the issue of globalization. People worldwide can now trade with each other quickly as the world has become a global village. However, an increase in trading levels and patterns has its share of challenges, affecting systems of governance worldwide. The majority of governments in the world are stable, and thus, they provide a mechanism of authority to regulate trade (Shelley, 2018). Without trade being controlled, the flow of illicit commodities such as drugs, firearms, and animal products such as ivory will rise. Perpetrators of illegal trade are well acquitted with bureaucracy finding their way through corruption, such as offering bribes to law enforcers. When law enforcers accept the bribe, illicit trade can nourish from one country to another across the borders. Corruption and illegal trade are critical issues playing out in the illicit international political economy (IPE).
What is corruption? Does corruption affect the world economy? Who are the players contributing to corruption?
Corruption is a crucial facilitator of illicit trade, which resultantly affects the world economy. According to Shelley (2018), corruption is defined as "the abuse of public of public office or private office for personal gain.