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These Are The World's Biggest Shadow Economies
These Are The World's Biggest Shadow Economies The world’s $12.5 trillion informal economy covers nearly every corner of the world, seeing the highest concentration in emerging economies. Yet in absolute terms, China, the U.S. and India are home to the largest black markets—covering everything from street vendors to illegal activities that evade governmental oversight. Overall, this generates lower tax revenue and poorer working conditions given the absence of worker protecti
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