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Linking the Formal and Informal Economy - Concepts and Policies (Paperback)
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Linking the Formal and Informal Economy - Concepts and Policies (Paperback)
Series: WIDER Studies in Development Economics
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The concepts of formal and informal remain central to the theory
and practice of development more than half a century after they
were introduced into the debate. They help structure the way that
statistical services collect data on the economies of developing
countries, the development of theoretical and empirical analysis,
and, most important, the formulation and implementation of
policy.
This volume brings together a significant new collection of
studies on formality and informality in developing countries. The
volume is multidisciplinary in nature, with contributions from
anthropologists, economists, sociologists, and political
scientists. It contains contributions from among the very best
analysts in development studies.
Between them the chapters argue for moving beyond the
formal-informal dichotomy. Useful as it has proven to be, a more
nuanced approach is needed in light of conceptual and empirical
advances, and in light of the policy failures brought about by a
characterization of the 'informal' as 'disorganized'. The wealth of
empirical information in these studies, and in the literature more
widely, can be used to develop guiding principles for intervention
that are based on ground level reality.
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