Articles on Black markets

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People queuing to withdraw cash at an ATM. Demonetisation in India has not met its target and actually reinforced informal networks. Santosh Kumar

The shock of Indian demonetisation: a failed attempt to formalise the economy

Instead of a clear movement toward more formalised economic transactions, demonetisation in India has reinforced the informal economy.
Workers produce medical marijuana at Canopy Growth Corporation’s Tweed facility in Smiths Falls, Ont. THE CANADIAN PRESS/Sean Kilpatrick

Can government-approved pot beat street weed?

In competing with Canada's black markets, legal cannabis has potential strengths and weaknesses. Most flow directly from governments' policy choices.
The second annual International Day of Action Against Contract Cheating is an attempt by universities around the world to raise awareness about students who hire others to do their work. (Shutterstock)

Universities unite against the academic black market

Across Canada and around the world, thousands of students are paying cash for good grades - in tests, essays and even PhD theses. On Oct. 18, 2017, universities globally are fighting back.
Antiquities seized in a raid on Islamic State fighters in Syria were returned to the Iraqi government by the United States. Thaier Al-Sudani/Reuters

Inside ISIS’ looted antiquities trade

Profit estimates have ranged from $4 million to $7 billion. But with the Paris attacks costing only $10,000, does a number even matter?
Trades on the ‘grey markets’ are becoming increasingly common in Australia. flickr/zdenadel

Explainer: black markets, grey markets, and dark pools

There are a range of markets available to buyers and sellers that allow them to exchange goods and services. But whereas some markets are highly regulated, others are not regulated at all. The sale of…
Slain underworld figure Carl Williams, who made a living trafficking illicit drugs, is carried from his 2010 funeral in a gold coffin. AAP

Gangster-nomics: the nasty business of criminalising drugs

Policy making is supposedly influenced by scientific evidence, which in turn leads to better political, social and economic outcomes, depending on the issue at hand. One would like to think that in a moderately…

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