Following Italy, the United Kingdom is planning on counting illegal drugs and prostitution in its Gross Domestic Product calculations. Revenue generating activity used to determine EU budgets Before you crack the countless “mafia” and “madam” economy jokes that have already been told ad nauseam, there is a logical reason for such recording. A common standard is required for calculating each countries contribution to the EU budget. Certain countries have legalized to various levels drugs and prostitution. The Netherlands, for instance, includes this in their budgets because this is a revenue generating activity for the country. “As economies develop and evolve,…
United Kingdom Follows Italy To Count Sex, Drug Use in GDP
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.