Drug smuggling

The illegal drug trade or drug trafficking is a global black market dedicated to the cultivation, manufacture, distribution and sale of drugs that are subject to drug prohibition laws. Most jurisdictions prohibit trade, except under license, of many types of drugs through the use of drug prohibition laws.'In many instances, the money from drugs was the only liquid investment capital. In the second half of 2008, liquidity was the banking system's main problem and hence liquid capital became an important factor...Inter-bank loans were funded by money that originated from the drugs trade and other illegal activities...there were signs that some banks were rescued that way'. The illegal drug trade or drug trafficking is a global black market dedicated to the cultivation, manufacture, distribution and sale of drugs that are subject to drug prohibition laws. Most jurisdictions prohibit trade, except under license, of many types of drugs through the use of drug prohibition laws. The United Nations Office on Drugs and Crime's World Drug Report 2005 estimates the size of the global illicit drug market at US$321.6 billion in 2003 alone. With a world GDP of US$36 trillion in the same year, the illegal drug trade may be estimated as nearly 1% of total global trade. Consumption of illegal drugs is widespread globally and remains very difficult for local authorities to thwart its popularity. Chinese authorities issued edicts against opium smoking in 1729, 1796 and 1800. The West prohibited addictive drugs throughout the late 19th and early 20th centuries. In the early 19th century, an illegal drug trade in China emerged. As a result, by 1838 the number of Chinese opium-addicts had grown to between four and twelve million. The Chinese government responded by enforcing a ban on the import of opium; this led to the First Opium War (1839-1842) between the United Kingdom and Qing-dynasty China. The United Kingdom won and forced China to allow British merchants to sell Indian-grown opium. Trading in opium was lucrative, and smoking it had become common for the Chinese in the 19th century, so British merchants increased trade with the Chinese. The Second Opium War broke out in 1856, with the British joined this time by the French. After the two Opium Wars, the British Crown, via the treaties of Nanking (1842), and Tianjin (1858), obligated the Chinese government to pay large sums of money for opium they had seized and destroyed, which were referred to as 'reparations'. In 1868, as a result of the increased use of opium, the UK restricted the sale of opium in Britain by implementing the 1868 Pharmacy Act. In the United States, control of opium remained under the control of individual US states until the introduction of the Harrison Act in 1914, after 12 international powers signed the International Opium Convention in 1912. Between 1920 and 1933 the Eighteenth Amendment to the United States Constitution banned alcohol in the United States. Prohibition proved almost impossible to enforce and resulted in the rise of organized crime, including the modern American Mafia, which identified enormous business opportunities in the manufacturing, smuggling and sale of illicit liquor. The beginning of the 21st century saw drug use increase in North America and Europe, with a particularly increased demand for marijuana and cocaine. As a result, international organized crime syndicates such as the Sinaloa Cartel and 'Ndrangheta have increased cooperation among each other in order to facilitate trans-Atlantic drug-trafficking. Use of another illicit drug, hashish, has also increased in Europe.