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The Other Path: The Black Market Economies of Peru

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Cusco, PERU, Jan. 7, 2006 ? Aña Pacheco, 12, jokingly threatens her brother with a knife because he was teasing her about her carving of their pumpkins, sold from her family?s wheelbarrow in an unofficial market near Tupac Amaru. Pacheco?s family sells produce grown on their land in the hillside outside of town. She wheels the produce several miles into town each day to sell. Corruption in the form of high taxes and long waits for permits and licenses prevent many from legally entering the marketplace. It can take over two years to gain a permit to sell produce and cost over $8,000. The per capita income of Peru is $6,000 per year, though over 54%, including Pacheco?s family, live below the poverty line of $648 per year, making it impossible to afford the legal route. As a result, many have created markets and economies out of necessity that are organized and very efficient and allow those outside of the legal economy to make a living. .

Cusco, PERU, Jan. 7, 2006 ? Aña Pacheco, 12, jokingly threatens her brother with a knife because he was teasing her about her carving of their pumpkins, sold from her family?s wheelbarrow in an unofficial market near Tupac Amaru. Pacheco?s family sells produce grown on their land in the hillside outside of town. She wheels the produce several miles into town each day to sell. Corruption in the form of high taxes and long waits for permits and licenses prevent many from legally entering...
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Copyright Daryl Peveto © 2007