A big share of this multi-billion dollar revenues of narcotics are deposited in the Western banking system.
But an important point is that this “illicit” trade cannot survive unless the main actors involved in narcotics have "political friends in high places."
Revenues from the CIA sponsored Afghan drug trade are huge. The Afghan trade in opiates constitutes a large share of the worldwide annual turnover of narcotics. (Douglas Keh, Drug Money in a Changing World, Technical document No. 4, 1998, Vienna UNDCP, p. 4. See also United Nations Drug Control Program, Report of the International Narcotics Control Board for 1999, E/INCB/1999/1 United Nations, Vienna 1999, p. 49-51, and Richard Lapper, UN Fears Growth of Heroin Trade, Financial Times, 24 February 2000).
According to IMF estimates, global money laundering is between 590 billion and 1.5 trillion dollars a year, representing 2-5 percent of global GDP, a big share of global money laundering is linked to the trade in narcotics.
According to 2003 figures, drug trafficking constitutes "the third biggest global commodity in cash terms after oil and the arms trade." (The Independent, 29 February 2004).
Hence, the above figures show that most of the revenues linked to the global trade in narcotics are not appropriated by “terrorist” organisations and warlords, as claimed by the U.S. officials and the American President
2006-10-13
09:39:10
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7 answers
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Dr.O
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Politics & Government
➔ Politics