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  • System D

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    System D refers to underground economies that operate outside of legal and regulatory frameworks. These include illegal black markets and unreported grey markets. Black markets deal in goods that are acquired illegally, sometimes at cheaper prices than legal markets but also sometimes at higher prices. The largest global black markets by value are estimated to be counterfeit drugs, prostitution, counterfeit electronics, marijuana, illegal gambling, cocaine, prescription drugs, and heroin. By 2020, the OECD predicts that underground economies will employ two-thirds of the world's workers.

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    System D refers to underground economies that operate outside of legal and regulatory frameworks. These include illegal black markets and unreported grey markets. Black markets deal in goods that are acquired illegally, sometimes at cheaper prices than legal markets but also sometimes at higher prices. The largest global black markets by value are estimated to be counterfeit drugs, prostitution, counterfeit electronics, marijuana, illegal gambling, cocaine, prescription drugs, and heroin. By 2020, the OECD predicts that underground economies will employ two-thirds of the world's workers.

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    9 views10 pages

    System D

    Uploaded by

    Ra
    System D refers to underground economies that operate outside of legal and regulatory frameworks. These include illegal black markets and unreported grey markets. Black markets deal in goods that are acquired illegally, sometimes at cheaper prices than legal markets but also sometimes at higher prices. The largest global black markets by value are estimated to be counterfeit drugs, prostitution, counterfeit electronics, marijuana, illegal gambling, cocaine, prescription drugs, and heroin. By 2020, the OECD predicts that underground economies will employ two-thirds of the world's workers.

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    “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)


     unreported economy (grey market)
    Pricing
    Goods acquired illegally take one of two price
    levels:
     cheaper than legal market prices

     more expensive
    than legal
    market prices.
    Size of black markets
    Largest 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

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