In most countries black-market work is not an exception, but the norm. A recent study comissioned by the Institute of Economic Affairs (IEA) revealed that the shadow economy was booming. Illicit economic activities constitutes between 20 to 30% of GDP in many southern European countries. An estima.
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(Archived document, may contain errors) 222 October 22, 1982 UNEMPLOYMENT WHAT'S TO BLAME I INTRODUCTION Unemployment in September mounted to 10.1 percent, the highest level since 19 41. The fundamental reason for this surge in unemployment is the economy's lack of growth. With over 11 million jobless workers, many Americans are tempted to look to the government for solutions. Yet, it is precisely because of the legacy of decades of government intervention in the market place that the U.S suffers from its current ec onomic malaise.