Illicit: How Smugglers, Traffickers, and Copycats are Hijacking the Global Economy - Softcover

Naím, Moisés

Softcover

ISBN 10: 1400078849 ISBN 13: 9781400078844

Publisher: Anchor, 2006

Synopsis

A groundbreaking investigation of how illicit commerce is changing the world by transforming economies, reshaping politics, and capturing governments.In this fascinating and comprehensive examination of the underside of globalization, Moises Naím illuminates the struggle between traffickers and the hamstrung bureaucracies trying to control them. From illegal migrants to drugs to weapons to laundered money to counterfeit goods, the black market produces enormous profits that are reinvested to create new businesses, enable terrorists, and even to take over governments. Naím reveals the inner workings of these amazingly efficient international organizations and shows why it is so hard — and so necessary to contain them. Riveting and deeply informed, Illicit will change how you see the world around you.

About this title

Review:

Illicit activities are exploding worldwide. The onslaught of globalization has unleashed a tidal wave of bad stuff--everything from arms trafficking, human smuggling, and money laundering to music bootlegging. Here is the dark side of globalization: the mushrooming underground economy. Moisés Naím explores this murky world in his book Illicit. Naím is the editor of the relaunched magazine Foreign Policy and a former executive director of the World Bank and Minister of Trade and Industry of Venezuela. In Illicit, he unties the connections between the Colombian cocaine dealer, the New York banker steering money to offshore tax havens, the Albanian forcing women into prostitution, and the Chinese market stall-holder selling counterfeit DVDs.

Naím reports that legitimate global trade has doubled since 1990 from $5 to $10 trillion. Meanwhile, money laundering has gone up tenfold, exceeding $1 trillion a year. Smuggling and money laundering have always existed, but Naím shows how they have increased at a staggering pace in the wake of globalization, despite new government controls since 9/11. The main culprits are the collapse of the Iron Curtain and state deregulation. As the reach of organized crime has expanded, governments have failed to keep up. Naím illustrates the problems with stories about A.Q. Khan, the father of Pakistan's atomic bomb who sold nuclear technology to North Korea and Libya; Walter C. Anderson, an American who was accused of hiding $450 million in offshore accounts to evade taxes; and Vladimir Montesinos, the Peruvian intelligence czar who is on trial for trafficking drugs and arms. The book, while a little dry, will be interesting to policy buffs and aspiring crooks alike. --Alex Roslin

About the Author:

Moisés Naím is the editor of the influential magazine Foreign Policy, published by the Carnegie Endowment for International Peace. Under his leadership, Foreign Policy has gained wide recognition for its cutting-edge articles, winning the 2003 National Magazine Award for General Excellence. Naím holds an M.S. and a Ph.D. from MIT and was the Minister of Industry and Trade in Venezuela, as well as an Executive Director of the World Bank. His columns are regularly carried by some of the world’s leading publications, such as The Financial Times, Newsweek, El País, and Corriere della Sera.

About this edition

• Publisher: Anchor
• Publication date: 2006
• ISBN 10: 1400078849
• ISBN 13: 9781400078844
• Binding: Paperback
• Number of pages: 352