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Articles tagged with: global black market

Tabulating the Underground Economy, and the DEA’s Pathetic Attempt to Map the Marijuana Trade

By Martin W. Lewis | October 16, 2013 | 4 Comments

When lecturing on world economic geography, I always stress the incomplete nature of the standard data, emphasizing the size of the unrecorded, underground economy, or “black market,” that constitutes up to twenty percent* of global production. Obtaining decent information on such matters is difficult, and as a result I am always on the lookout for maps, tables, and graphs that …

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