3 ms·
Interesting story - but did anyone else find this headline non-sensical? How can corruption generate a percent of GDP? I'm guessing they meant 50% of GDP is i
by barmstrong 16y ago
Interesting story - but did anyone else find this headline non-sensical? How can corruption generate a percent of GDP?
I'm guessing they meant 50% of GDP is in black markets, or that 50% of business expenses go to bribing people.
- profquail 16y agoOne component of GDP is "personal consumption". In Russia, if a large number of people are consuming black market goods, then the "actual" GDP is going to be much higher than the government-reported GDP.