KYC360 released the following:
Council on Foreign Relations (CFR)
As world leaders increasingly debate drug legalization, CFR’s Stewart Patrick and Phil Williams of the University of Pittsburgh discuss the explosion of transnational crime in a globalized world: “Transnational criminals have been one of the biggest beneficiaries of globalization,” Williams says. Globalization facilitates international trade but also increases the difficulty of regulating global trade, he says; traffickers and smugglers have exploited this. Williams adds that globalization has increased inequality around the globe, and that “its disruptive effect has actually caused people to have to go into organized crime and operate in illicit markets as coping mechanisms.””
Douglas McNabb – McNabb Associates, P.C.’s
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