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Work, Economy and Organizations

2015

Economic development

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The Informal Sector As A Path To Expanding Opportunities, Colin C. Williams Oct 2015

The Informal Sector As A Path To Expanding Opportunities, Colin C. Williams

Colin C Williams

Is the informal economy a help or a hindrance to expanding the opportunities of the poor? Conventionally, it has been deemed a hindrance; an unproductive sphere that is deleterious to wider economic development and growth. Recently, however, a more positive depiction has emerged viewing it as a useful means of expanding the opportunities of the poor. This report reviews the arguments and evidence for viewing it more positively and how it might be harnessed in order to help expand the opportunities of the poor.