Stealth of Nations

About The Book

Thousands of Africans head to China each year to buy cell phones auto parts and other products that they will import to their home countries through a clandestine global back channel. Hundreds of Paraguayan merchants smuggle computers electronics and clothing across the border to Brazil. Scores of laid-off San Franciscans working without any licenses use Twitter to sell home-cooked foods. Dozens of major multinationals sell products through unregistered kiosks and street vendors around the world. When we think of the informal economy we tend to think of crime: prostitution gun running drug trafficking. Stealth of Nations opens up this underground realm showing how the worldwide informal economy deals mostly in legal products and is in fact a ten-trillion-dollar industry making it the second-largest economy in the world after that of the United States.
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