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Books > Business & Economics > Economics > Development economics
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The Informal Economy in Developing Countries (Hardcover)
Loot Price: R4,327
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The Informal Economy in Developing Countries (Hardcover)
Series: Routledge Studies in Development Economics
Expected to ship within 12 - 17 working days
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Informality is ubiquitous in most developing countries.
Understanding the informal economy is therefore of utmost
importance from a political, economic and social point of view.
Paradoxically, despite its economic importance, knowledge is
extremely limited regarding the informal economy. It remains
largely unrecognized by researchers, is neglected by politicians,
and is even negatively perceived as it is meant to disappear with
development. This book aims to amend this situation by presenting
recent high level research which studies the informal sector and
informal employment. Fresh research into this subject is presented
through empirical analysis which covers Asia, Africa and Latin
America. Each chapter relies on data and a detailed knowledge of
the context of the countries studied in order to question the
dominant schools of thought on the origins and causes of
informality. The results provide interesting insights into the
constraints faced by informal workers, the dynamics of the informal
economy and its link with poverty issues. On the basis of the
evidences provided by results adequate policies could be defined to
address informality issues. The principal characteristics of the
informal sector testify to some profound similarities between
developing countries: low qualifications and the precariousness of
jobs, mediocre incomes and working conditions, atomization of
production units and lack of articulation with the formal economy,
etc. This general statement does not contradict the observation
that there is a high level of heterogeneity in the sector and in
informal employment within each country, confirmed by several
chapters in this work. In the absence of a sufficient number of job
creations, the informal sector essentially constitutes a refuge for
workers seeking and is here to stay in the short and medium term,
even in emerging countries.
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