A recent post on Steven Levitt and Stephen Dubner’s Freakonomics blog discussed the growth of the shadow economy across the world. The post claims that the shadow economy is the second largest in the world!
It is expected that over 10 trillion dollars circulate through the black market, which can be found anywhere from flea markets, roadside farm stands, swap meets and even the darkest allies around town. If governments around the World don’t do anything soon the black market might even become the world’s strongest economy soon!
Read more at http://www.omg-facts.com/category/8/Business/2#HjxB1IjKRoUJsmFz.99 (http://www.foreignpolicy.com/articles/2011/10/28/black_market_global_economy)
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