AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Thailand's 'Black Economy' Ranks First among 18 Asian Nations.
Byline: Krissana Parnsoonthorn
Jul. 25--Thailand's "shadow economy", or underground business, ranks first out of 18 Asian countries surveyed, according to Friedrich Schneider, an economist from the Johannes Kepler University of Linz, Austria.
The scope and size of "shadow" economies was increasing day-by-day in many Asian countries, he said, citing high tax and social security contributions as the main driving forces.
Even major developed countries were unable to avoid a rise in hidden economic activities, Dr Schneider said in a research presentation yesterday at the eighth annual conference of the Asia-Pacific Financial Association.
The conference, under the theme "Rebuilding Our Financial Architecture", is being sponsored by the Sasin Graduate Institute of Business Administration and Faculty of Commerce and Accountancy of Chulalongkorn University.
Dr Schneider said that in 1998 and 1999, Thailand was number one among 18 Asian countries, followed by Sri Lanka and Philippines, in the size of the shadow economy compared to GDP, and workers involved compared to the total labour force.
A shadow ...
- Dimensions of the Shadow Economy.(Statistical Data Included)
- Magazine article from: Independent Review SCHNEIDER, FRIEDRICH June 22, 2000 700+ words
...quantitative studies. As table 1 shows, the shadow economy in seventeen member countries of the...countries, Greece had the largest shadow economy, equivalent to 29 percent of its official...percent. Between 1994 and 1998, the shadow economy increased by at least 1.6 percentage...
- The shadow economy.(estimating the size of the underground economy)(Brief...
- Magazine article from: The Economist (US) August 28, 1999 700+ words
...and prostitution. By definition the shadow economy cannot be measured precisely; it requires...attempted to measure the size of the shadow economy in no fewer than 76 developed and emerging...or the policeman, and so a bigger shadow economy means a greater demand for banknotes...
- Revenue Partnership Intensive Group on Shadow Economy. (Revenue).(Brief Article)
- Magazine article from: Accountancy Ireland December 1, 2001 700+ words
...Overall Organisational Response to the Shadow Economy aims to "consider further measures...taken by Revenue in relation to the shadow economy". The Revenue note that, varying...it brings to different people, the shadow economy needs to be acknowledged and is certainly...
- Crisis has not driven business into shadow economy - Tax Service chief.
- Newspaper article from: Russia & CIS Business and Financial Newswire September 22, 2009 700+ words
...Crisis has not driven business into shadow economy - Tax Service chief EMMAUS (Tver region...crisis would drive business into the shadow economy have not materialized, the head of...relatively easy in Russia to move into the shadow economy, since it is fairly easy to register...
- KYRGYZSTAN SHADOW ECONOMY RATE HITS US$3 BLN.
- News wire article from: AsiaPulse News June 12, 2009 700+ words
BISHKEK, June 12 Asia Pulse - The shadow economy rate is worth about about US$3 billion...Aidar Mokenov said on Wednesday. The shadow economy rate in Kyrgyzstan according to different...Independent experts in their turn think that shadow economy rate in Kyrgyzstan makes up 60 per...
- UKRAINE-SHADOW-ECONOMY.
- Newspaper article from: Ukraine News October 28, 2005 700+ words
UKRAINE-SHADOW-ECONOMY Ukraine's shadow economy reaches 32% of GDP in Q1 of 2005 Kyiv, October 28...Ukraine) - In the first quarter of this year, Ukraine's shadow economy reached 32% of official GDP, whereas in the first quarter...
- UKRAINE-FINANCE-MINISTRY-SHADOW-ECONOMY.
- Newspaper article from: Ukraine News November 9, 2005 700+ words
UKRAINE-FINANCE-MINISTRY-SHADOW-ECONOMY Ukrainian Finance Ministry says shadow economy on the decline Kyiv, November 9 (Interfax...of Ukraine has registered a fall in the shadow economy, based on data of VAT revenues to the...
- Shadow economy and Pakistan's predicament.
- Magazine article from: Economic Review Asad, S. Hasan April 1, 1994 700+ words
...seeks to highlight the development of shadow economy over the period and its ramification...the first signal of development of shadow economy. The migration to Middle East was...proved a milestone in the development of shadow economy as Pakistan became the conduit of arms...
