THE UNDERGROUND WEALTH OF NATIONS: COMMENTARY ON 'THE OTHER PATH'

Edgar Feige

Macroeconomics from University Library of Munich, Germany

Abstract: This paper examines the contribution of Hernando De Soto’s “The Other Path” in the context of the literature on “underground economies”. Various types of “underground economies” are described and are shown to arise from different causes and to have different consequences. The underground economies of the Western World are compared to those in Socialist countries and those most likely to be found in developing nations. Reference: The World and I, June 1989

Keywords: Underground; informal; unreported; unrecorded; De Soto (search for similar items in EconPapers)
JEL-codes: H26 O17 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2005-02-03
New Economics Papers: this item is included in nep-dev and nep-hpe
Note: Type of Document - pdf; pages: 8
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpma:0502010

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