Author(s): Chenli Nguyen
The shadow economy, often lurking in the peripheries of official economic activity, is a complex and elusive phenomenon with far-reaching implications for both developed and developing nations. This article delves into the intricacies of the shadow economy, examining its impact on society, identifying its root causes, and exploring potential policy responses. By shedding light on this clandestine realm of economic activity, policymakers and researchers can gain valuable insights into strategies for mitigating its negative effects and fostering inclusive economic growth