Infographic: The Black Market, The Second Largest Economy In The World

By: EW News Desk Team   Date: 18 January 2012

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EW News Desk Team

Always on the look out for the latest news to monitor the state of the world economy.

EconomyWatch, News Desk Team

 

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18 January 2012

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

Black Market
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