Dirty Money: What the Underworld Understands that Economists Do Not

Baker Raymond W. and Nordin Jennifer

The Economists' Voice, 2007, vol. 4, issue 1, 3

Abstract: Economists have overlooked and misunderstood the impact of illegal financial flows -- "dirty money" -- on the global economy, according to Raymond Baker and Jennifer Nordin. Estimated at $1 trillion annually, dirty money renders economic analysis inaccurate and undermines development in poor countries.

Date: 2007
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DOI: 10.2202/1553-3832.1205

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