Is the global black market the shadow economic superpower?

China? The United States? Which is really the global economic superpower? Possibly neither, according to Foreign Policy magazine. In fact, the global black market may be the most powerful, albeit shadow, economy.

In 2009, the Organisation for Economic Co-operation and Development (OECD), a think tank sponsored by the governments of 30 of the most powerful capitalist countries and dedicated to promoting free-market institutions, concluded that half the workers of the world — close to 1.8 billion people — were working for cash  in jobs that were neither registered nor regulated. And, equally important, avoiding income taxes.

Recent Posts
Contact Us

Drop us a note and we will get in touch soon!

Not readable? Change text. captcha txt

Start typing and press Enter to search