Shadow Economy

Discover the intricate world of informal economies with "Shadow Economy" by Friedrich Schneider. Published by Cambridge University Press in 2016, this insightful book spans 226 pages, offering a comprehensive examination of the economic impact and cost associated with shadow economies worldwide. In this revised edition, Schneider utilizes fresh data from seventy-six countries—including developing, transition, and OECD nations—to provide an updated overview of this pressing issue. The book delves into various aspects of the shadow economy, such as commercial crimes, corrupt practices, fraud, tax evasion, and welfare fraud. It not only sheds light on these challenges but also proposes effective solutions to mitigate the prevalence of illicit work. Perfect for students, policymakers, and anyone interested in economic issues, "Shadow Economy" is an essential read for understanding the complexities of informal sectors and their implications on national economies.