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Securing Livelihoods - Informal Economy Practices and Institutions (Hardcover, New)
Loot Price: R3,611
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Securing Livelihoods - Informal Economy Practices and Institutions (Hardcover, New)
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Far from the vision of popular actors in the popular economy as
reactionary and archaic, stubbornly resisting any move towards
change, this book's overall aim is to contribute to a broadening
and deepening of our understanding of the logic and socio-economic
practices of those operating in the informal economy. It focuses on
the vulnerabilities of these participants, resulting from high
exposure to different risks combined with low social protection,
and on the interactions between vulnerability and poverty. It
considers security of livelihoods as the guiding principle for
multiple practices in the informal economy. Thirteen studies, based
on careful analyses of empirical data in different contexts in
Africa, Latin America, and Asia, contribute to this
multidisciplinary discussion. This book describes how people
develop their own strategies to solve their problems through the
use of interpersonal networks, associations, and other
community-based arrangements. Moreover, it shows that informal
economy actors systematically reposition themselves vis-a-vis the
State, markets, international, and national policies with the aim
of enhancing their economic and social security, and they may do
this either individually or collectively. The book emphasizes how
adaptability of the informal economy can be influenced by such
factors as the macroeconomic context, access to financial,
technological, and information resources, infrastructure, social
protection schemes, and the institutional environment within which
adaptations occur. Case studies stress the need to reformulate
questions relating to policy intervention based on a more thorough
understanding of the perspective of informal economy actors.
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