Discuss the Economics around the War on Medications Essay

Microeconomic policy and princliples.

Discuss the Economics of the battle with drugs:

The global battle with drugs is a downhill battle with no apparent success, containing also acclaimed devastating outcomes for individuals and societies all over the world. Since the initiation of the UN Single Tradition on Narcotic Drugs, placed in 1961, and ex U. S. chief executive Nixon's declaration of battle with drugs four decades ago, billions of dollars and 10, 000's of lives have been lost with this failing make an attempt to control the flow of these substances; in which the attempt to do it has also a new destabilising influence on the world economy. The cost of the war on medicines has been over a wide variety of avenues, including criminalization, rehabilitation and counter steps aimed at the producers, trafficker's and buyers of illegitimate drugs, all of which have not sufficed effectively to lessen the demand intended for supply and consumption. Enforcers in this ever-present battle face a huge complexness in how to deal with their oppositions, who are constantly updating and adapting their ways of trafficking and supplying the illegal chemicals. In this dissertation I will discuss the quarrels for and against the battle with drugs, the impacts upon society as well as the world overall economy after 4 decades on this issue. In doing so , Let me critically take a look at the problem using the three financial principles accustomed to assess the effects of the war on drugs, which can be scarcity, gains from trading and supply and demand. This kind of analysis is intended to raise such questions because " do governments policies create economical market of its own? Or perhaps, do the same economic concepts explain government behaviour? Do any of these financial principles describe how bad polices continue with very little or scientific evidence of achievement? The war on drugs is arguably a tough case to take attributes on. Both sides for and against dealing with the matter both have heavy implications on contemporary society whether it be monetarily or socially. In this paragraph I will...

Bibliography: Commission survey: World Medicines Problem, 10 years on. Memo/09/103. Brussels, 15 March 2009:


Black Money: The Business of Money Washing. David Jones, 8 June 2011.


22/01/10 Scams losses price the UK ВЈ30 billion 12 months. 22 January 2010.





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