Summary

Economists have overlooked and misunderstood the impact of illegal financial flows — "dirty money" — on the global economy, according to Raymond Baker and Jennifer Nordin. Estimated at $1 trillion annually, dirty money renders economic analysis inaccurate and undermines development in poor countries.

Recommended Citation

Baker, Raymond W. and Nordin, Jennifer (2007) "Dirty Money: What the Underworld Understands that Economists Do Not," The Economists' Voice: Vol. 4 : Iss. 1, Article 4.
Available at: http://www.bepress.com/ev/vol4/iss1/art4