Illicit trade and the global economy / edited by Cláudia Costa Storti and Paul De Grauwe.

Includes bibliographical references and index.

Economists explore the relationship between expanding international trade and the parallel growth in illicit trade, including illegal drugs, smuggling, and organized crime.

Purity, price, and production : are drug markets different? / Peter Reuter and Jonathan P. Caulkins -- The hidden financial flows of organized crime : a literature review and some preliminary empirical results / Friedrich Schneider -- Gotcha! : a profile of smuggling in international trade / Helge Berger and Volker Nitsch -- Dark side of trade in Iran : evidence from a structural equation model / Mohammad Reza Farzanegan -- Modeling the cocaine and heroine markets in the era of globalization and drug reduction policies / Cláudia Costa Storti and Paul De Grauwe -- The impact of globalization on the UK market for illicit drugs : evidence from interviews with convicted drug traffickers / Kevin Marsh, Laura Wilson, and Rachel Kenehan -- Khat, and the informal globalization of a psychoactive commodity / Axel Klein -- Organized crime and foreign direct investment : the Italian case / Vittorio Daniele and Ugo Marani -- The war on illegal drugs in producer and consumer countries : a simple analytical framework / Daniel Mejía and Pascual Restrepo.

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