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Half the heavy rare earth mines have licenses and the other half are illegal, industry executives said.
The UN report suggests such diversification is already underway.The smartest entrepreneurs, however, may seek a way out of the illegal industry all together.
Although modern slavery constitutes a huge illegal industry, deemed the third most profitable criminal industry behind drug and arms trafficking by the UN, data remains patchy.
In Afghanistan, at least, efforts to persuade farmers to turn to legal but less profitable crops have had no effect whatsoever.But heroin producers and traders aside, enterprises within the illegal industry may now seek alternative ways to keep profits up.
More than two centuries later the tradition has blossomed into an illegal industry which supplies tax-free "white lightning" to unlicensed after-hours clubs along the eastern seaboard.Franklin County, in Virginia, is the acknowledged moonshining capital of the world.
In the room with us there is a giant coathanger, a nod to the back-alley abortions that bedevilled the illegal industry and a prop Hoffman has taken to marches outside cathedrals ever since setting up Choices.
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The legal and illegal industries continue to operate in parallel, within an opaque system of relationships and rules set by the Alaba cartel, Emeka Mba, head of Nigeria's efforts to regulate the film industry, told me.
DARK SIDE OF THE NET: THE FBI'S CRACKDOWN The arrest of Eric Eoin Marques is being viewed with significance, as it could be the largest strike so far by global law enforcement against operators who have used the hidden recesses of the internet to expand their multi-billion-pound illegal industries in drugs, arms and porn.
Part of the reason for this is institutional investors such as pension funds are barred either by law or policy from investing in federally illegal industries.
Jobless young people abroad are also more likely than their American counterparts to take a job in the informal economy, such as the black market, which often means ending up in dangerous or illegal industries, Goldin said.
From New York City to Newark New Jersey to central London, Williams speaks to gunrunners, abalone fishermen, and purveyors of addictive opioid-based cough syrup, in order to find out what drives illegal industries.
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