outline what is “system d”? background pricing size of black markets future prospects
TRANSCRIPT
““System System D”D”
Outline
What is “System D”? Background Pricing Size of black markets Future prospects
What is “System D” ?
System D = Underground economy System D = Underground economy
Débrouillard – assertive, resourceful, sharp-witted
BackgroundUnderground economies :
illegal economy (black market) unreported economy (grey market)
PricingGoods acquired illegally take one of two price
levels: cheaper than legal market prices
more expensive
than legal
market prices.
Size of black marketsLargest black markets market value
(bln, USD)
Total 1,829
Counterfeit Drugs 200
Prostitution 187
Counterfeit Electronics 169
Marijuana 142
Illegal Gambling 140
Cocaine 85
Prescription Drugs 72,5
Heroin 68
Software Piracy 58,8
Movie Piracy 58
Gas and Oil Smuggling 54
Size of black markets
Underground Economy Value
in Ukraine Total Country Black Market Value:
$4.310 bln Total Country Grey Market Value:
$199 bln
Future prospects
By 2020, the OECD* predicts the shadow economy will employ two-thirds of the world’s workers.
*Organization for Economic Co-operation and Development, founded in 1961 to stimulate economic progress and world trade
"In this world there is nothing that is certain except death and taxes“
Benjamin Franklin