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What are the economic effects of drug abuse?

What are the economic effects of drug abuse?

Economic Costs $120 billion in lost productivity, mainly due to labor participation costs, participation in drugabuse treatment, incarceration, and premature death; $11 billion in healthcare costs – for drug treatment and drug‐related medical consequences; and.

What are narcotics?

(nar-KAH-tik) A substance used to treat moderate to severe pain. Narcotics are like opiates such as morphine and codeine, but are not made from opium. They bind to opioid receptors in the central nervous system. Narcotics are now called opioids.

Which countries export illegal drugs?

These countries are identified below.

  • Major Illicit Drug Producing and Major Drug-Transit Countries.
  • Afghanistan, The Bahamas, Belize, Bolivia, Burma, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, India, Jamaica, Laos, Mexico, Nicaragua, Pakistan, Panama, Peru, and Venezuela.

How do drugs help the economy?

The illicit drug trade also provides employment for laboratory operators, wholesale distributors, money launderers, retail distributors and runners. Such employment opportunities can be important in economic terms for countries in which there is illicit crop cultivation as well as high levels of unemployment.

How do drugs affect the society?

Drug abuse costs the nation more than $120 billion per year in lost productivity, according to The National Drug Intelligence Center (NDIC). 5 Included in that lost productivity are reduced labor participation, incarceration, premature mortality, hospitalization, and participation in treatment programs away from work.

What political economy means?

The term political economy is derived from the Greek polis, meaning “city” or “state,” and oikonomos, meaning “one who manages a household or estate.” Political economy thus can be understood as the study of how a country—the public’s household—is managed or governed, taking into account both political and economic …

How do drugs impact on society?

Communities also suffer from the effects of drug addiction. Overall, substance abuse costs the United States more than $740 billion a year in terms of health care, work productivity and crime; of that figure, illicit drug abuse costs $193 billion and prescription opioid abuse costs another $78.5 billion.