The challenges with forced formalisation of the economy
urbanomics.substack.com
The informal economy has been an important topic of discussion in this blog. I have written here with my co-author about the problems with forced formalisation. History teaches us that informal-to-formal transitions happen not by way of informal sector firms becoming formal but in terms of expansion of the share of formal sector firms. Informal sector workers and firms face the binding constraints of deficient capabilities and resources to be able to transition to the formal sector.
The challenges with forced formalisation of the economy
The challenges with forced formalisation of…
The challenges with forced formalisation of the economy
The informal economy has been an important topic of discussion in this blog. I have written here with my co-author about the problems with forced formalisation. History teaches us that informal-to-formal transitions happen not by way of informal sector firms becoming formal but in terms of expansion of the share of formal sector firms. Informal sector workers and firms face the binding constraints of deficient capabilities and resources to be able to transition to the formal sector.