In Russia, the garage can be a facility for virtually anything from spare parts to smoked fish, from vodka to paving stones. A recent study tracked the expansion of the country’s unofficial business realm, which recalls the dynamics of Soviet time
Tag: underground economy
President Enrique Pena Nieto has pulled off the political feat of pushing through unprecedented reforms. But they are based on a promise that economic growth will inevitably follow.
SCHILTIGHEIM — We didn’t see the big grey sedan coming, before it had stopped in the middle of the parking lot in the downtown shopping center. There are a dozen little boys killing time between the parked cars, drinking soda and talking football. Welcome to the Marais housing project in Schiltigheim, on the outskirts of […]
In most countries black-market work is not an exception, but the norm. A recent study comissioned by the Institute of Economic Affairs (IEA) revealed that the shadow economy was booming. Illicit economic activities constitutes between 20 to 30% of GDP in many southern European countries. An estimated two billion people work for this global black […]