Global Challenge 12 - The Millennium Project

How can transnational organized crime be stopped from becoming more powerful and sophisticated enterprises? Transnational organized crime takes in between 3% to 7% of world GDP annually ($109.53 trillion 2024 estimate); taking 5% as an average, that would be $5.8 trillion per year, which is more than twice all the world's annual military budgets combined ($2.44 trillion). Havocscope.com estimates the value of just black-market trade in 50 categories from 91 countries (105 countries not included) at $1.81 trillion, not including extortion, racketeering, corruption, and money laundering (due to their overlapping nature). Cybercrimes increased 600% during the pandemic. They have grown from $3 trillion in 2015 to an estimated at $8 trillion in 2023 and are forecasted to reach $10.5 trillion annually by 2025 and over $13 trillion by 2028. Governments are increasingly suspected of outsourcing...