Flooding the rewards circuit: The economic and political effects of the illegal narcotics trade in Mexico and Colombia
LE3 .A278 2015
Bachelor of Arts
Illicit narcotics seem to have become a permanent fixture in Latin America in recent decades. The narcotics trade has grown to such a level that it is permeating into all areas of the social, political, and economic spheres. In particular, Mexico and Colombia have become increasingly dependent on and defined by the illicit narcotics trade in recent years. Using a Marxist lens of analysis, this thesis explores the economic and political factors contributing to the ongoing illegality of the narcotics trade and theorizes what might happen in Mexico and Colombia if this trade were legalized. An extensive review of existing literature provides the background and framework for this analysis. This thesis concludes with a discussion on where narcotics legislation should go from here, including a recognition of the obstacles in the way of changing legislation.
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