VIENNA (AP) – Criminality worldwide generates proceeds in the trillions of dollars each year, making crime one of the world's "top 20 economies," a senior U.N. official said Monday. With the scope of global crime — and particularly organized crime — threatening emerging economies and fomenting international instability, Yury Fedotov called for concerted world action to combat the trend.
If you plan to travel this year, you may be helping to contribute $2 trillion to the world's economy. Read Post
For a system that moves half a trillion dollars around the globe each year, remittances are remarkably primitive. The person–to–person (and usually relative–to–relative) cross–border transfers require large fees (9% on average, acco... Read Post