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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creator Anayiotos, Andrea
Palmade, Vincent
description 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.
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subjects 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
title Rising Informality
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