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It is quietly creating a second economy, a digital one".
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Cheong Seong-chang of the Sejong Institute near Seoul says Mr Jang's business came to be seen as a "fourth economy" outside those run by the Korean Workers Partyy, the army and the government.
Going South: Why Britain Will Have A Third World Economy By 2014.
Hungary also had a sizable "second economy," with a variety of legal small-scale private enterprises.
After Stalin's death, a freewheeling "second economy" developed, which supplied goods and services not otherwise available.
The first economy has a defined benefit system, and the second economy is in transition from a defined benefit to a defined contribution.
"If the punches would stop, even for a second, the economy could catch its breath and pick itself up".
Some authors have described a dual economy, the "first economy" containing the industrial, mining and agricultural sectors that produce wealth, while the "second economy" is characterised by poverty and underdevelopment [ 15- 17].
Mr. Bruno said Kigali officials were interested in learning how Singapore had managed to transform itself in the last four decades "from a third-world economy to a middle-income economy".
Gradually a second, then third economy developed — a culture of corruption.
We will just end up being a third-rate economy, a banana republic".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com