An Alternative Anti-Drug Policy: Economic Resilience

Yuri Soares is chief of development effectiveness at the Multilateral Investment Fund. He holds a PhD in economics from Michigan State University and a Master's degree in agricultural economics from the University of Florida. He has worked in the United States and Brazil.

Latin America and the Caribbean is the most violent region in the world, with no fewer than five of its major cities experiencing more than 100 homicides per 100,000 people each year, according to the most recent Global Study on Homicide. While the pattern of violence varies across different regions, a significant share is linked to illegal drug activity, particularly in drug-producing countries and countries that are distribution channels to the main export markets of the United States and Europe. And as is argued in a recent op-ed by the Brookings Institution, the recent push to legalize the market of marijuana--particularly in the United States--should...

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