Moises Naim
Author
Pub. Date
c2005
Description
Nam̕ reports that legitimate global trade has doubled since 1990 from $5 to $10 trillion. Meanwhile, money laundering has gone up tenfold, exceeding $1 trillion a year. Smuggling and money laundering have always existed, but Nam̕ shows how they have increased at a staggering pace in the wake of globalization, despite new government controls since 9/11.