Europe's Envelope Economy
THE SOURCE: “The Hidden Economy in East-Central Europe: Lessons From a Ten-Nation Survey” by Colin C. Williams, in Problems of Post-Communism, July–Aug. 2009.
Ask a specialist about the importance of the underground economy in Eastern and Central Europe during the Soviet period, and your terminology is likely to be corrected: Underground activity was the economy. A new study of 10 formerly Soviet-dominated states that have joined the European Union reveals that the EU is a long way from wiping this form of commerce out.
One of every...