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“System d”

“System d”. Outline. What is “System D”? Background Pricing Size of black markets Future prospects. What is “System D” ?. Débrouillard – assertive, resourceful, sharp-witted. System D = Underground economy. Background. Underground economies : illegal economy (black market)

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“System d”

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  1. “System d”

  2. Outline • What is “System D”? • Background • Pricing • Size of black markets • Future prospects

  3. What is “System D” ? Débrouillard – assertive, resourceful, sharp-witted System D = Underground economy

  4. Background Underground economies : • illegal economy (black market) • unreported economy (grey market)

  5. Pricing Goods acquired illegally take one of two price levels: • cheaper than legal market prices • more expensive than legal market prices.

  6. Size of black markets

  7. Size of black markets

  8. Underground Economy Value in Ukraine • Total Country Black Market Value: $4.310 bln • Total Country Grey Market Value: $199 bln

  9. 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

  10. "In this world there is nothing that is certain except death and taxes“ Benjamin Franklin

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