SUBTERRANEAN ECONOMY IN GLOBALIZATION ERA

Globalization of the world economy is not only about opportunities for economic, social and cultural development of the nations involved in the international division of labour, but it also means finding appropriate answers to problems that tend to become global rather than national. Such a problem is the emergence and development of the "subterranean/underground" economy, which is a real challenge both for national authorities and for international organizations called to find solutions to limit the effects of this phenomenon on national economies and the global economy. The present study attempts to respond to a growing need to understand, conceptualize and rationally justify a reality that cannot be overlooked statistically - the "underground" economy as an inevitable element of a state economy. The magnitude of the phenomenon brings to the present the need to know correctly the activities that make up the "underground" economy and the negative consequences that accompany them. Deciphering the nature of the "underground" economy and the underlying causes that it generates and develops can provide pertinent responses to methods to counteract its negative consequences. The study is in the category of conceptual and methodological research, the subject of research being in the sphere of topics of interest of the author, related to evasion and tax fraud. The methodology used for the article is the hypothetical-deductive, the conclusions resulting from the synthesis, the critical analysis and the original treatment of the results of the researches.