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The Informal Economy: Exploring Drivers and Practices

The Informal Economy: Exploring Drivers and Practices

Hardcover

Series: Routledge Studies in Entrepreneurship

Business GeneralEconomics

ISBN10: 1138068373
ISBN13: 9781138068377
Publisher: Routledge
Published: Oct 3 2017
Pages: 268
Weight: 1.25
Height: 0.90 Width: 6.10 Depth: 9.40
Language: English

During much of the twentieth century, informal employment and entrepreneurship was commonly depicted as a residue from a previous era. Its continuing presence was seen to be a sign of backwardness whilst the formal economy represented progress. In recent decades, however, numerous studies have revealed not only that informal employment is extensive and persistent but also that it is growing relative to formal employment in many populations. Whilst in the developing world, the informal economy is often found to be the mainstream economy, nevertheless, in the developed world too, informality is currently still estimated to account for notable per cent of GDP.

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