Posts Tagged ‘black market’

The Looming Shadow Economy

At a time when the world economy is dominated by doom and gloom, one factor that could mitigate circumstances somewhat for many people is the shadow economy. By this, I mean the informal and untaxed economy, a world populated by anyone from illegal gardeners and maids, unlicensed taxi drivers, and street vendors, to pirate DVD… [Read more]

North Korea: The Limits Of Economic And Human Endurance

Today marks the 14th anniversary of the death of North Korea’s late ‘Great Leader’, Kim Il Sung, who ruled for almost 50 years. What is most remarkable is that his son and chosen successor, Kim Jong Il, still leads the country, and for that matter, the country still exists. When Kim Sr died, most people… [Read more]


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