Black Market Economy

Paper Summary:

In this essay, the writer notes that while much of this paper focuses on the economic and social costs of the sex industry in America, it cannot be ignored that the sex industry is global. The writer points out that while traditional economic discussions focus on legally traded goods and commodities, the sex industry, is one of the most lucrative industries, both in the United States and in the global economy. The writer discusses that sex workers, whether they entered into the industry willingly or by force, are predominantly composed of members of the lower and lower-middle classes. The result is that the sex trade, although a possibly lucrative source of income for female sex workers, actually reduces women's economic power. The writer concludes that furthermore, the sex trade perpetuates existing class distinctions.

Outline:
Introduction
Literature Review
Methodology
Data
Analysis
Conclusion
References

From the Paper:

"When people discuss the economy, the conversations generally focus on legally traded goods and commodities. However, the black and gray markets form a huge sector of the economy. Furthermore, illegally trade goods and goods that are highly linked to illegal sales have a tremendous impact on society, which may actually surpass the impact of legally traded goods. When people discuss the black market, they frequently speak of stolen items, counterfeit goods, and drugs. However, the largest segment of the black market is actually involved in the sex trade. In fact, the profit from direct traffic in human beings, literally sold into sexual slavery, rivals the profit from illegal drug sales. Once profits from other sectors of the sex trade are factored in, it becomes clear that the sex industry is the most lucrative industry in the American economy, and possibly the world economy."

Sample of Sources Used:

• Boles, J. and K. Elifson. (1994). The social organization of transvestite prostitutes and AIDS.
• Social Science and Medicine, 39(1), 85-93.
• Coleman, E. (1989). The development of male prostitution activity among gay and bisexualadolescents. Journal of Homosexuality, 17(1-2), 131-49.
• Gaylor, A. et al. (1985). Pornography: a humanist issue. The Humanist, 45, 23-32.
• Green, K. (1989). Prostitution, exploitation, and taboo. Philosophy, 64, 525-34.

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