Every country has its second, underground, unofficial, irregular or parallel economy. By their nature they are hidden and defy accurate and formal measurement. They provoke conceptual and definitional arguments among analysts. There has recently been a surge of interest; anecdote, newspaper reports and educated guesses have increasingly been replaced by serious analysis. However, most of the new generation of studies are of developed economies.
This book examines the effect on a developing economy. It explores the causes, identifies the key sectoral manifestations and reveals the various...