Black markets and the global economy
Black markets and the global economy
May the gods preserve and defend me from self-righteous altruists; I can defend myself from my enemies and my friends.
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Zack Morris
- Posts: 2837
- Joined: Mon Dec 26, 2011 8:52 am
- Location: Bayside High School
Re: Black markets and the global economy
The black market makes up only 0-10% of China's economy? I don't believe that.
Re: Black markets and the global economy
It’s not really black market if the exchanged goods are legal, so the low incidence of activities considered black market trade in China isn’t so surprising. Also this maybe a reflection of the consequences of dealing in the activities that are considered off limits in China. These figures go along with informal economic activity studies where official GDP figures are compared with proxies for “real” economic activity as measured by electrical power consumption.Zack Morris wrote:The black market makes up only 0-10% of China's economy? I don't believe that.
http://scholar.googleusercontent.com/sc ... 8&as_vis=1
Re: Black markets and the global economy
May the gods preserve and defend me from self-righteous altruists; I can defend myself from my enemies and my friends.
Re: Black markets and the global economy
Funny that TIde has become a black market currency.Typhoon wrote:LA TImes | Thieves embark on an anti-grime spree
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Drug dealers clean up their act . . .
Men often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike.
-Alexander Hamilton
-Alexander Hamilton