By EW News Desk Team | January 19, 2012 6:55 AM IST
The Black Market: The Second Largest Economy In The World [Infographic]
The Black Market: The Second Largest Economy In The World [Infographic]
The black market is one of the biggest and fastest growing economies in the world. According to various estimates, the black market generates almost $10 trillion annually – equivalent to the size of Japan and China’s GDP.
Profit-making in any business if good – but what if it hurts the national economy? How then, can we draw the line to define what’s good or unacceptable?
Above all else, how does the existence of the black market affect our economy, and culture?
Related News: Italy’s Financial Turmoil Turns Mafia Into Nation’s Largest Bank
Related Story: Black Money: The Business of Money Laundering
EMAIL
PRINT
SHARE
The article was first published by Economy Watch.
People who viewed this also read
IBTimes
- Weekly Fundamentals - Crude's Downside Remains as Eurozone Turmoil Expected to Pressurize Equities
- Weekly Roundup: Asian Markets Slump On Euro Zone Concerns, Weak US Data
- The Recovery Is an Illusion: John Williams
- Big Deal For Alibaba,Yahoo: The $7.1B Is Only Half Of It
- Ring Of Fire: Watch Solar Eclipse 2012 Online
- Cautious positioning the name of the game as Europe's woes persist; A$ at 6-month lows
