Stealth of Nations: The Global Rise of the Informal Economy
• Thousands of Africans head to China each year to buy cell phones, auto parts, and other products that they will import to their home countries through a clandestine global back channel.
• Hundreds of Paraguayan merchants smuggle computers, electronics, and clothing across the border to Brazil.
• Scores of laid-off San Franciscans, working without any licenses, use Twitt
All throughout this book I was reminded of my High-School English teacher, who tried to relate "The Stranger" and "Siddhartha" (existentialism and situational ethics) with a profoundly Lutheran fundamentalist perspective. Sh ...more
Full review on my blog guiltlessreading
My thoughts: The title is an extremely witty take on Adam Smith's Wealth of Nations the commonly accepted Economics 101 textbook espousing free market economies. Each chapter opens with an excerpt from Wealth of Nations and is expounded on in throughout the chapter (with rather amusing titles, like "The Global Rummage ...more
The book is more or less a quick and easy read about the underground economy - the selling of pirated materials in China, unlicensed food vendors in San Francisco, the sale of water i ...more
Nevertheless, I would challenge his generally rosy view of the sector, including both the challenges of formalizing and remaining informal. While the succ ...more