Illicit Trade

Ten percent of the worlds trade is illegal. The video that we saw, focused and represent the dark side that came from illicit trade. The revolutions of the nineties, and the Free trade alliance opened the free market on a global level. When that global market opened it allowed not only those with good intention in but also to those that have malicious intentions as well.
Companies are losing a lot of money from the illicit trade market. as a result of this companies now and days are hiring private investigators. In the video Illicit: The Dark Trade, we were able to hear about the private investigators that travel around the world in order to uncover illicit trades that are ongoing in the black market. Companies hire private detectives to pose as tourist, and search for counterfeit look alike products, that look for popular name brand products that are usually sold for thousands of dollars in the normal market. Illicit goods are known in street terms as bootlegs and knock offs. The Illicit trade in drugs, weapons, people and …show more content…
A lot of companies use places like China to manufacture their goods for a cheap price. The video mentioned that in the nineties, that because of China’s cheap labor, they eventually grew to be the world’s main, and cheapest manufactures. Popular companies around the world used them as their main source for cheap labor in the production of their product. Through reverse engineering, and stolen blueprints, and duplicating sewing patterns to popular products are being created at a lower cost by b, and duplicate popular products in demand. The countries that use China to create their products opens windows of opportunism for people that have malicious intentions to duplicate the product for a lower price on the black market. A large portion of the manufactured goods that are counterfeited come from