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Shadow Economies

March 2017 Focus 2017 Shadow Economies 

Focus on Shadow Economies: Venezuela

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

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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March 2017 Focus 2017 Shadow Economies 

Focus on Shadow Economies: Russia

March 2, 2017January 22, 2021 Daniel D'Amico 0 Comments Russia, corruption, 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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March 2017 Focus 2017 Shadow Economies 

Focus on Shadow Economies: India

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

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
March 2017 Focus 2017 Shadow Economies 

Focus on Shadow Economies: Turkey

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

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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Past Articles

RSS BBC News

  • Flybe: Regional carrier ceases trading and cancels all flights January 28, 2023
  • Footage shows Memphis police brutally beating Tyre Nichols January 28, 2023
  • What the Tyre Nichols beating videos show January 28, 2023
  • Jerusalem synagogue attack: Seven killed in shooting January 28, 2023
  • AmazonSmile closes: Charities say they will suffer January 28, 2023

About

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

Print Editions

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October 2021 Edition

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March 2021 Edition

February 2021 Edition

November 2020 Edition

October 2020 Edition

September 2020 Edition

April 2020 Edition

March 2020 Edition

February 2020 Edition

Past Articles

About

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

RSS BBC News

  • Flybe: Regional carrier ceases trading and cancels all flights January 28, 2023
  • Footage shows Memphis police brutally beating Tyre Nichols January 28, 2023
  • What the Tyre Nichols beating videos show January 28, 2023
  • Jerusalem synagogue attack: Seven killed in shooting January 28, 2023
  • AmazonSmile closes: Charities say they will suffer January 28, 2023
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