Publication: Rising Informality
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Date
2005-08
ISSN
Published
2005-08
Author(s)
Anayiotos, Andrea
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Abstract
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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“Anayiotos, Andrea; Palmade, Vincent. 2005. Rising Informality. Viewpoint: Public Policy for the Private Sector; Note No. 298. © World Bank. http://hdl.handle.net/10986/11209 License: CC BY 3.0 IGO.”
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