Black Markets

In Stealth of Nations: The Global Rise of the Informal Economy, Robert Neuwirth points out the importance of small, illegal, off-the-books businesses.

If all the world’s informal markets were formed into a single independent nation, its $10 trillion economy would be the second-largest on the planet (behind only the US). These markets thrive in places where taxes are low, poverty is high, and resources are scarce. The colors on this map indicate the size of each country’s underground economy, as a percentage of its GDP.

Source: Why Black Market Entrepreneurs Matter to the World Economy

Leave a Reply

Your email address will not be published. Required fields are marked *