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International Financial Management: An Analytical Framework
book

International Financial Management: An Analytical Framework

by Shaikh Saleem
January 2015
Intermediate to advanced content levelIntermediate to advanced
920 pages
37h 2m
English
Pearson Education India
Content preview from International Financial Management: An Analytical Framework

CHAPTER 16

Problems of Growth

PARALLEL ECONOMY

Parallel economy connotes the functioning of an unsanctioned sector in the economy, whose objectives run parallel, rather in contradiction with the avowed social objectives. This is variously referred to as black economy, unaccounted economy, illegal economy, subterranean economy, or unsanctioned economy. The term ‘parallel economy’ emphasises a confrontation between the objectives of the legitimate and illegitimate sectors.

 

This is variously referred to as black economy, unaccounted economy, illegal economy, subterranean economy, or unsanctioned economy.

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Publisher Resources

ISBN: 9789389588156