Task Force Blog

Posts by Caroline Davidson

About the Author:

Caroline Davidson is an economics intern at Global Financial Integrity.

World Bank Report Finds Underground Economies More Affected by Economic Conditions Than Policy Measures

August 6, 2010

A new working paper from the World Bank finds that the shadow economy is on the rise, constituting roughly 1/3 of GDP around the globe. Transparency in the international financial system would dramatically curtail this underground activity.

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