posted
Nowadays, with globalization, transnationalism etc, people sometimes speak of "the underground economy" meaning cash flow from affluent countries to poor ones by laymen, i.e. personal unofficial transfers by individuals.
(examples of other underground economic activites are: drugs, weapons, prostitution.) In other words money that is not channelled through the proper lines and is not subject to taxes etc.
In Egypt how is the underground economy? Has money from abroad, from family members, or friends, had a big influence on people's lives or indeed the larger economy? And how big are these amounts usually? Who is sending it? Who is getting it? And is the government trying in some ways to get its hands on it?
Posts: 2184 | Registered: Oct 2005
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posted
and somehow no, those are interesting questions (even though nobody answered on this thread)
Posts: 1473 | From: France | Registered: Oct 2005
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posted
yes .... maybe this topic is too deep for the normal ES member. But I thought that this could be interesting here because after all many members are either married to Egyptians, or Egyptians with connections abroad, Egyptians who live abroad and so this is an international/transnational forum. So I thought that people had some knowledge of this underground money into Egyptian society. Don't their husbands send money home for example? Is it important for them, their families? Are the families dependent on this money? This is what I was looking after...
Posts: 2184 | Registered: Oct 2005
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posted
And in light of this corruption how are people using other methods?? Maybe the underground economy???? Make the son marry a foreigner and secure in that way a steady money channel?
Posts: 2184 | Registered: Oct 2005
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