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
Mérida’s Lucas de Galvez market evacuated due to toxic cloud
On Sunday June 23, at noon.
Private initiative proposes to bring liquefied natural gas to Yucatán by sea
The president of the Confederation of.
With AMLO, construction reports worse start in three administrations
The sector reported an annual fall.
Antidote for “Violinist Spider” bite is Mexican made
It is called “Reclusmyn” it has.
Two suspects wanted for murder in Campeche caught in Mérida by Yucatan State Police officers
An anonymous report to emergency number.
For the first time, Mexicans decline to less than half of the U.S. unauthorized immigrant population
Relations between the United States and.
CDMX issues guidelines for expropriating land
The Commission for the Integral Reconstruction.
National Guard deployment of 52,000 planned for June 30 to 150 hot spots
Security Secretary Alfonso Durazo announced that.
“Family Operation” 2,040 undocumented family members to be deported in the coming days
ICE confirms plans to arrest more.
Trump Falsely Claims Obama Began Migrant Family Separations
(Bloomberg) — President Donald Trump dismissed.