Rising Informality

By some estimates more than 30 percent of the developing world's GDP and 70 percent of its workers are outside the official economy. The implications: Most small firms are trapped in low-productivity operations with little access to finance, key government services, and formal customers. Worker...

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Bibliographische Detailangaben
Hauptverfasser:	Anayiotos, Andrea, Palmade, Vincent
Format:	Buch
Sprache:	eng
Schlagworte:	ACCOUNTABILITY ASSETS CITIES COLLATERAL ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT EMPIRICAL EVIDENCE EMPLOYMENT EVASION FINANCIAL INSTITUTIONS GOVERNMENT REGULATIONS HOUSING IMPORT TARIFFS INVENTORY LAWS LOCAL GOVERNMENTS MICROFINANCE MIDDLE EAST MIGRATION MONOPOLIES NORTH AFRICA PRIVATE BANKS PRIVATE SECTOR PRIVATIZATION PRODUCTIVITY PROPERTY RIGHTS PROPERTY TAXES PUBLIC POLICY PUBLIC SECTOR PUBLIC SPENDING QUALITY STANDARDS SUB-SAHARAN AFRICA TAX TRANSPARENCY UTILITIES
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Beschreibung
Zusammenfassung:	By some estimates more than 30 percent of the developing world's GDP and 70 percent of its workers are outside the official economy. The implications: Most small firms are trapped in low-productivity operations with little access to finance, key government services, and formal customers. Workers lack safety and social protection. And bigger, better-connected firms use unfair informal practices to beat out more productive formal competitors. The result is slower economic growth and a growing social divide between the informal and formal parts of society.