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A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.
A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. T
Alena Ledeneva invites you on a voyage of discovery, to explore society's open secrets, unwritten rules and know-how practices. Broadly defined as 'ways of gett
Informality through Sustainability explores the phenomenon of informality within urban settlements and aims to unravel the subtle links between informal settlem
The Global Informal Workforce is a fresh look at the informal economy around the world and its impact on the macroeconomy. The book covers interactions between
Analyzes informality in Latin America, exploring root causes and reasons for and implications of its growth. This book uses two distinct but complementary lense