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Illicit trade

In: Handbook of Globalisation and Development

Author

Listed:
  • Louise Shelley

Abstract

Illicit trade exists in many diverse commodities that often do not receive the attention they deserve. Whereas significant attention is focused on the drug trade, there are many less-recognized forms of illicit trade, including trade in wildlife, people, counterfeits and antiquities. Illicit trade is more than a competitor to legitimate business. The rise of illicit trade has had an economic impact and some forms of this trade undermine the sustainability of the planet. There are also important national security implications as illicit trade exists in arms, dual-use materials for weapons of mass destruction, and terrorists are increasingly relying on illicit trade to fund their activities. The strategies to address illicit trade need to be multifaceted involving many different sectors of society as well as government. Public–private partnerships are key in addressing this problem.

Suggested Citation

  • Louise Shelley, 2017. "Illicit trade," Chapters, in: Kenneth A. Reinert (ed.), Handbook of Globalisation and Development, chapter 6, pages 100-114, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15966_6
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