Mexico’s disenfranchised often see the illicit drug economy as an escape route from poverty. Mexican drug cartels post annual gains between approximately $18 and $39 billion USD. For Mexico’s poorest, the promise of quick and exorbitant profits is often too enticing to pass up. To put the allure of the drug trade into context, take for example the juxtaposition between Mexico’s drug and crude oil economies: In 2014, crude petroleum, Mexico’s primary export, was worth $37 billion, an estimated $3 billion less than the illicit drug economy’s worth at its highest value. The oil industry, which until recently was controlled by PEMEX, the national oil company, employed 151,000 workers in 2013.
In the early 1990s, the Sinaloa Federation, the largest and most powerful cartel conglomerate at the time, employed an estimated 100,000 individuals. While PEMEX’s 2014 workforce is somewhat larger, it is important to consider that the Sinaloa Federation was only one of dozens of Mexican drug trafficking organizations (DTOs) in the 1990s. As such, it is logical to conclude that the illicit drug economy in the ‘90s offered employment to a massive workforce. Since the ‘90s, Mexico’s drug industry has only grown in scale. To make matters worse, the narcotics industry, while far riskier than the formal economy, offers Mexico’s poor viable work opportunities. Recently, the spike in heroin use in the United States (a 90 percent increase between 2002 and 2013) has contributed to a boom in production and illicit employment opportunities. Moreover, because of the state’s failure to suppress the drug economy, the drug business has taken on a veneer of folkloric invincibility that contributes to its attractiveness.
To read the full article from Council of Hemispheric Affairs, click here.
more recommended stories
Immediate response by Yucatán’s law enforcement authorities as they capture Chicxulub murderers
The immediate and effective response by.
Tulum to become Mexico’s first sustainable tourism zone
The municipality of Tulum will become.
Yucatan the ultimate bird-watching destination
If you are into birdwatching, Yucatán.
Man drowns in Chuburná Puerto
A construction worker from the town.
Mexico strengthens leadership as an exporter of alcoholic beverages
Mexico Sep. 21 (Notimex).- Mexico strengthened.
Cancun, an example of tourism promotion for Japan
A Quintana Roo delegation of FONATUR.
Homicides in Mexico increase 17% so far in 2018
Intentional homicides in Mexico has increased.
Expats Feel at Home in Mexico; InterNations Survey
InterNations.org recently released the results of.
Through the implementation of AMLO’s austerity plan, the government could save 132 billion pesos in 2019
As wages for high government officials.
Japanese delegation comes to Mérida to strengthen bilateral relationship
The project of the Chicxulub crater.