Combat Illegal Trade by Building Multipronged Approach Using Chess Board Strategy: An Analysis of Global Illegal Trade Case Studies
3 Pages Posted: 3 Jan 2016
Date Written: January 1, 2016
Due to secretive nature and lack of verifiable data it is difficult to estimate the volume of global illegal trade. Compilation of several sources suggests the volume may be higher than $15 trillion. December 2015 report from Global Financial Integrity, finds that Illicit financial flows from emerging economies lost $7.8 trillion and increasing yearly at average rate of 6.5%; twice fast to global GDP growth rate. The revenue loss due to such trade exceeds the amount they receive through all international aids. Several organizations are working to control illegal trade. The researchers are identifying problems to find solutions to curb illegal trade. This study is one of them but innovative in its thematic approach. The research draws parallel to chess and suggests possible winning strategies for anticipated multiple situations studied based on real life and imputed armchair cases. To draw solutions from real life cases is helpful in interpreting governance, dynamics and find solutions.
Keywords: Illegal trade, Chess Strategy, Combat
JEL Classification: A00
Suggested Citation: Suggested Citation