Economics-Statistic

The black market and shadow economy as global economic challenges

16.12.2016

People retreat to the shadow sectors of economy in response to inefficient government policy and the unrestrained rent profiteering of government officials, making the black market grow at a fast rate. Indeed, when the interests of government and big business converge only the black market can serve as a zone of free entrepreneurial activity including a relatively independent circulation of capital.

By Konstantin Barezhev
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