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Shadow Economies

2017 Focus March 2017 Shadow Economies 

Focus on Shadow Economies: Venezuela

March 2, 2017January 22, 2021 Felipe Bueno 0 Comments Bolívar, Venezuela

In the last year Venezuela’s economy shrank by 19 percent, according to leaked reports from Venezuela’s central bank. With hyperinflation at a rate of 800 percent, Venezuelan mafias began to create their own shadow currency exchange system for a profit.

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2017 Focus March 2017 Shadow Economies 

Focus on Shadow Economies: Russia

March 2, 2017January 22, 2021 Daniel D'Amico 0 Comments corruption, Russia, Software

Black market dealings in Russia are estimated to be about $49.04 billion in value, and this is especially prominent in the education system. Many achieve success and influence by taking advantage of the system to get titles and positions that they did not earn.

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2017 Focus March 2017 Shadow Economies 

Focus on Shadow Economies: India

March 2, 2017January 22, 2021 Samantha Stevenson 0 Comments Black Market, Organ Selling

An estimated 200,000 Indians need an organ transplant every year. This large consumer base, coupled with India’s strict donation laws, have increased demand for illegal organs drastically.

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Public Domain
2017 Focus March 2017 Shadow Economies 

Focus on Shadow Economies: Turkey

March 2, 2017January 22, 2021 Nicholas Elden 0 Comments Taxation, Turkey

Reliance on credit cards and overspending has caused unwanted inflation and crippled Turkey’s commercial market. The current taxation methods were intended as a solution to this overspending, but instead created a shadow market for alcohol.

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About

The Diplomatic Envoy is the undergraduate foreign affairs news organ of the School of Diplomacy and International Relations at Seton Hall University.

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About

The Diplomatic Envoy is the undergraduate foreign affairs news organ of the School of Diplomacy and International Relations at Seton Hall University.

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