Colombia is facing a crisis as the cocaine industry undergoes significant changes, leading to economic hardship in many coca-growing regions and forcing people to seek alternative livelihoods.
Key Points
Tectonic shifts in the cocaine industry due to domestic and global forces
Collapse of the cocaine market in many coca-growing regions
Rise in global cocaine production and exports
Impact of government policies on coca production and drug trafficking
Cons
Economic hardship in coca-growing regions
Increase in illicit activities as a result of the decline in the cocaine industry