Effects of shadow economy on poverty in developed and developing countries

Poverty alleviation is at the top of the Millennium Development Goals' (MDGs) list of eight goals. In the year 2000, nearly all heads of states and governments met and reaffirmed their faith in the United Nations (UN) as necessary foundations of a more peaceful, prosperous and just world. At this meeting, the MDGs were adopted which the first goal is eradicate extreme poverty and hunger. The question of how to finance poverty reduction measures has been a major concern for policy makers and international organizations for many years. Although it is useful to focus on the quantity and quality of foreign aid and development assistance of donor communities, it is not the solution. In the long term, countries can only prevail against their dependency on foreign aids when they are able to move enough domestic resources to guarantee universal access to essential public goods and services.

Keywords

Poverty , Developing countries , Developed countries

Citation

Nikopour, H., Habibullah, M. S., Din, B. H., & Abdul Hamid, B. (2019). Effects of shadow economy on poverty in developed and developing countries. In Research in Applied Economics (pp. 83-113). Serdang, Selangor: UPM Press.

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