The Long Shadow Of Informality

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The Long Shadow Of Informality

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Author : Franziska Ohnsorge
language : en
Publisher: World Bank Publications
Release Date : 2022-03-01

The Long Shadow Of Informality written by Franziska Ohnsorge and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-03-01 with Business & Economics categories.

A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging markets and developing economies. Widespread informality 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.

Informality And Globalisation In Search Of A New Social Contract

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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2023-04-20

Informality And Globalisation In Search Of A New Social Contract written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-20 with categories.

Globalisation and rapid technological change have radically transformed labour markets, affecting the lives and prospects of billions of workers. Those in the informal economy, the vast bulk of the workforce in the Global South, have been bearing the brunt.

A Modern Guide To The Informal Economy

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Author : Colin C. Williams
language : en
Publisher: Edward Elgar Publishing
Release Date : 2023-03-02

A Modern Guide To The Informal Economy written by Colin C. Williams and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-02 with Business & Economics categories.

This Modern Guide presents a comprehensive synthesis of contemporary thought on the informal economy, which, as the author demonstrates – far from being a peripheral feature of the global economy – is a system in which the majority of the global workforce are employed and which has pervasive detrimental effects. Formalising it is therefore a priority for most governments.

Routledge Handbook Of The Informal Economy

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Author : Ceyhun Elgin
language : en
Publisher: Taylor & Francis
Release Date : 2024-08-30

Routledge Handbook Of The Informal Economy written by Ceyhun Elgin and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-08-30 with Business & Economics categories.

Delve into the complex landscape of the informal economy with the Routledge Handbook of the Informal Economy, a groundbreaking volume that transcends conventional economic analysis by contextualizing it within a broader regulatory and social framework. This comprehensive handbook offers cutting-edge categorical, thematic, and regional analyses of the informal, or shadow, economy. An esteemed international ensemble of contributors draws on diverse economic perspectives, exploring a spectrum of definitions and measures, including household, firm-level, and employment-based metrics, alongside perceptional and model-based estimates. Employing a variety of econometric and methodological approaches, the volume provides both regional and global estimates of the informal economy's extent. Beyond conventional boundaries, it unveils various facets of informality, from child labor, tax evasion, and self-employment to precarious and undeclared work. In-depth examinations of the determinants and consequences of informality enhance the volume's robust analysis. As a forward-looking compendium, the handbook also offers insights into the future trajectory of the informal economy as we journey further into the 21st century. This definitive and up-to-date reference work is indispensable for readers in labor economics, development economics, political economy, policy studies, and sociology, offering a nuanced understanding of the multifaceted dimensions and dynamics of the informal economy.

Informality Development And The Business Cycle In North Africa

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Author : Mr. Roberto Cardarelli
language : en
Publisher: International Monetary Fund
Release Date : 2022-06-09

Informality Development And The Business Cycle In North Africa written by Mr. Roberto Cardarelli and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-09 with Business & Economics categories.

North African economies are characterized by a significant share of informal activity and employment. About two-thirds of workers in North Africa operate without any formal arrangement and social protection, and about 30 percent of GDP is estimated to be produced by informal workers and firms. This paper finds that while a few key structural characteristics could explain “normal” informality in North Africa, policy distortions explain a large share of excess informality. Among the structural factors that can lead to high informality, the relatively lower level of human capital and younger population help explain the high informality in the region, as low-skilled and young people generally find it more difficult to operate in the formal sector. At the same time, gaps in a set of policy indicators also explain the relatively high informality in North Africa. In particular, this paper finds that gaps in the quality of governance explain about half of the excess informality experienced in North Africa compared with advanced economies. In this context, the expansion of the informal sector in Algeria and Tunisia from the mid-2000s partially reflects the deterioration in a few indicators of their governance and regulatory frameworks. In contrast, the decline in informality observed in Egypt, Mauritania, and Morocco over this period also reflects improved business regulations, governance, and tax systems, in addition to continued progress in economic development. While informality has traditionally buffered regional labor markets against the impact of recessions, the COVID-19 crisis has been different. North African economies have generally exhibited relatively stable unemployment rates, including during recessions, largely owing to their high levels of informality. However, informal employment has fallen significantly in North Africa during the pandemic, as lockdown measures have particularly affected high-informality service sectors. As the pandemic subsides and the lockdown measures are removed, the recovery of regional labor markets could exhibit a stronger-than-usual rebound of informal employment. Ensuring an inclusive recovery from the pandemic would call for renewed efforts to construct more modern (digitalized), more efficient, and fairer systems of social protection, building on the progress achieved in the region during the pandemic in extending safety nets to informal workers.

Informality And Structural Transformation In Egypt Iraq And Jordan A Framework For Assessing Policy Responses In The Mena Region

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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2024-06-11

Informality And Structural Transformation In Egypt Iraq And Jordan A Framework For Assessing Policy Responses In The Mena Region written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-06-11 with categories.

The report Informality and Structural Transformation in the Middle east and North Africa outlines a framework for assessing the impact of economic and social policies on informality. The framework was developed jointly by the ILO, OECD and UNDP, and is thought as a hands-on instrument, allowing policy makers to foresee early on in the policymaking cycles the effects diverse economic and social policies could have on the informal economy.

Recent Trends Of Informality In Greece

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Author : Mr. Larry Q Cui
language : en
Publisher: International Monetary Fund
Release Date : 2024-02-20

Recent Trends Of Informality In Greece written by Mr. Larry Q Cui and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-02-20 with Business & Economics categories.

This paper explores the evolution of informality in Greece as it is widely considered one of the major structural impediments to fiscal capacity and sustainable growth. It finds that informality has dropped significantly in Greece in recent years, although there were temporary increases during the sovereign debt crisis and the COVID-19 pandemic. Lower informality is also found to be associated with higher subsequent per capita GDP growth and higher tax revenue. Moreover, Greece’s significant recent progress in digitalization appears to have helped reduce informality. There remains scope to further reduce informality by accelerating digitalization and the ongoing pro-growth structural reforms.

Informality Labor Market Dynamics And Business Cycles In North Africa

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Author : Olivier Bizimana
language : en
Publisher: International Monetary Fund
Release Date : 2023-09-08

Informality Labor Market Dynamics And Business Cycles In North Africa written by Olivier Bizimana and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-09-08 with Business & Economics categories.

Employment informality is widespread across North Africa. This paper aims to shed light on the role played by the informal sector in labor market adjustments over the business cycle. It finds that the response of labor markets to output fluctuations is more muted in countries with higher informality levels, like the North African economies. The analysis also confirms that informal employment is countercyclical and acts as a buffer during economic downturns in countries with relatively higher informality. However, contrary to what took place in past recessions, informal employment contracted sharply during the 2020 pandemic recession in high informality economies, suggesting that it did not play its traditional countercyclical role. By contrast, employment informality tends to fall modestly or increase during economic upturns, including the post-pandemic recovery. This finding presages the persistence of a large informal sector in the post-covid era in medium- and high-informality countries.

Development Co Operation Report 2021 Shaping A Just Digital Transformation

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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2021-12-21

Development Co Operation Report 2021 Shaping A Just Digital Transformation written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-21 with categories.

Digital transformation is revolutionising economies and societies with rapid technological advances in AI, robotics and the Internet of Things. Low and middle-income countries are struggling to gain a foothold in the global digital economy in the face of limited digital capacity, skills, and fragmented global and regional rules.

The Informal Sector And The Environment

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Author : Ranjula Bali Swain
language : en
Publisher: Taylor & Francis
Release Date : 2022-08-12

The Informal Sector And The Environment written by Ranjula Bali Swain and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-08-12 with Business & Economics categories.

The informal economy – broadly defined as economic activity that is not subject to government regulation or taxation – sustains a large part of the world's workforce. It is a diverse, complex and growing area of activity. However, being largely unregulated, its impact on the environment has not been closely scrutinised or analysed. This edited volume demonstrates that the informal sector is a major source of environmental pollution and a major reason behind the environmental degradation accompanying the expansion of economic activity in developing countries. Environmental regulation and economic incentive policies are difficult to implement in this sector because economic units are unregistered, geographically dispersed and difficult to identify. Moreover, given their limited capital base, they cannot afford to pay pollution fees or install pollution abating equipment. Informal manufacturing units often operate under unscientific and unhealthy conditions, further contributing to polluting the environment. The book emphasizes and examines these challenges, and their solutions, encountered in various sectors of the informal economy, including urban waste pickers, small-scale farmers, informal workers, home-based workers, street vendors, and more. If the informal sector is to "Leave no one behind" (as the Sustainable Development Goals promise) and contribute to "inclusive growth" (an objective of the green economy), then its impact on the economy as well as the environment has to be carefully considered. This book marks a significant contribution to the literature on both the informal economy and sustainable development, and will be of great interest to readers in economics, geography, politics, environment studies and public policy more broadly. Chapter 4 of this book is available for free in PDF format as Open Access from the individual product page at www.routledge.com. It has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license