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

The Global Informal Workforce is a fresh look at the informal economy around the world and its impact on the macroeconomy. The book covers interactions between the informal economy, labor and product markets, gender equality, fiscal institutions and outcomes, social protection, and financial inclusion. Informality is a widespread and persistent phenomenon that affects how fast economies can grow, develop, and provide decent economic opportunities for their populations. The COVID-19 pandemic has helped to uncover the vulnerabilities of the informal workforce.

This landmark volume brings together leading scholars in the field to investigate recent conceptual shifts, research findings and policy debates on the informal economy as well as future challenges and directions for research and policy. Well over half of the global workforce and the vast majority of the workforce in developing countries work in the informal economy, and in countries around the world new forms of informal employment are emerging. Yet the informal workforce is not well understood, remains undervalued and is widely stigmatised. Contributors to the volume bridge a range of disciplinary perspectives including anthropology, development economics, law, political science, social policy, sociology, statistics, urban planning and design. The Informal Economy Revisited also focuses on specific groups of informal workers, including home-based workers, street vendors and waste pickers, to provide a grounded insight into disciplinary debates. Ultimately, the book calls for a paradigm shift in how the informal economy is perceived to reflect the realities of informal work in the Global South, as well as the informal practices of the state and capital, not just labour. The Informal Economy Revisited is the culmination of 20 years of pioneering work by WIEGO (Women in Informal Employment: Globalizing and Organizing), a global network of researchers, development practitioners and organisations of informal workers in 90 countries. Researchers, practitioners, policy-makers and advocates will all find this book an invaluable guide to the significance and complexities of the informal economy, and its role in today’s globalised economy. The Open Access version of this book, available at https://www.taylorfrancis.com/books/e/9780429200724, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license

An ambitious comparative study of British and Latin American literature produced across a century of economic colonization. Winner of the Sonya Rudikoff Prize by the Northeast Victorian Studies Association Spanish colonization of Latin America came to an end in the early nineteenth century as, one by one, countries from Bolivia to Chile declared their independence. But soon another empire exerted control over the region through markets and trade dealings—Britain. Merchants, developers, and politicians seized on the opportunity to bring the newly independent nations under the sway of British financial power, subjecting them to an informal empire that lasted into the twentieth century. In The Forms of Informal Empire, Jessie Reeder reveals that this economic imperial control was founded on an audacious conceptual paradox: that Latin America should simultaneously be both free and unfree. As a result, two of the most important narrative tropes of empire—progress and family—grew strained under the contradictory logic of an informal empire. By reading a variety of texts in English and Spanish—including Simón Bolívar's letters and essays, poetry by Anna Laetitia Barbauld, and novels by Anthony Trollope and Vicente Fidel López—Reeder challenges the conventional wisdom that informal empire was simply an extension of Britain's vast formal empire. In her compelling formalist account of the structures of imperial thought, informal empire emerges as a divergent, intractable concept throughout the nineteenth-century Atlantic world. The Forms of Informal Empire goes where previous studies of informal empire and the British nineteenth century have not, offering nuanced and often surprising close readings of British and Latin American texts in their original languages. Reeder's comparative approach provides a new vision of imperial power and makes a forceful case for expanding the archive of British literary studies.

The turn of the century has been a moment of rapid urbanization. Much of this urban growth is taking place in the cities of the developing world and much of it in informal settlements. This book presents cutting-edge research from various world regions to demonstrate these trends. The contributions reveal that informal housing is no longer the domain of the urban poor; rather it is a significant zone of transactions for the middle-class and even transnational elites. Indeed, the book presents a rich view of 'urban informality' as a system of regulations and norms that governs the use of space and makes possible new forms of social and political power. The book is organized as a 'transnational' endeavor. It brings together three regional domains of research--the Middle East, Latin America, and South Asia--that are rarely in conversation with one another. It also unsettles the hierarchy of development and underdevelopment by looking at some First World processes of informality through a Third World research lens.

"By various authors to mark the twenty-fifth year of service of John H. Wigmore, as a professor of law in Northwestern University."--T.p.