Linking the Formal and Informal Economy
Concepts and Policies
Published on 20. September 2007
Book
Paperback/Softback
312 pages
978-0-19-923729-6 (ISBN)
Description
The concepts of formal and informal remain central to the theory and practice of development more than half a century after they were introduced into the debate. They help structure the way that statistical services collect data on the economies of developing countries, the development of theoretical and empirical analysis, and, most important, the formulation and implementation of policy.
This volume brings together a significant new collection of studies on formality and informality in developing countries. The volume is multidisciplinary in nature, with contributions from anthropologists, economists, sociologists, and political scientists. It contains contributions from among the very best analysts in development studies.
Between them the chapters argue for moving beyond the formal-informal dichotomy. Useful as it has proven to be, a more nuanced approach is needed in light of conceptual and empirical advances, and in light of the policy failures brought about by a characterization of the 'informal' as 'disorganized'. The wealth of empirical information in these studies, and in the literature more widely, can be used to develop guiding principles for intervention that are based on ground level reality.
This volume brings together a significant new collection of studies on formality and informality in developing countries. The volume is multidisciplinary in nature, with contributions from anthropologists, economists, sociologists, and political scientists. It contains contributions from among the very best analysts in development studies.
Between them the chapters argue for moving beyond the formal-informal dichotomy. Useful as it has proven to be, a more nuanced approach is needed in light of conceptual and empirical advances, and in light of the policy failures brought about by a characterization of the 'informal' as 'disorganized'. The wealth of empirical information in these studies, and in the literature more widely, can be used to develop guiding principles for intervention that are based on ground level reality.
Reviews / Votes
Review from previous edition No matter how you divide up the developing world-'formal-informal', 'legal-extralegal' (my preference)- one thing is not debatable: most people are poor, on the outside of the system looking in, and getting angrier every day. The message of this book is it's time to stop talking and start designing reforms based on the informal practices and organizations that poor entrepreneurs already use. I second that motion. If you rebuild the system from the bottom-up, they will come, with their enterprise, creativity, and piles of potential capital. * Hernando de Soto, President, Institute for Liberty and Democracy, Peru * The obvious is not necessarily the best. For many, a well-defined set of formal institutions is the obvious road to economic success. Academic analysts are attracted by the parsimony of formal institutions. Policy makers appreciate the apparent predictability of the effect on addressees. Constitutional lawyers prefer formal institutions since they lend themselves to ex post control. Yet as the book convincingly demonstrates, in many contexts, and in developing countries in particular, going for the obvious is bad policy. Imposing a small set of formal institutions forces all economic activity into a Procrustes' bed. Often, a clever mixture of formal and informal elements has two main advantages: harnessing new resources for corporate governance, and making the firm more responsive to its environment, be it demand, competition or regulatory expectations. * Christoph Engel, Max Planck Institute for Research on Collective Goods, Bonn * Linking the Formal and Informal Economy is an excellent synthesis of past debates and contemporary policy analysis. It embraces economic development, governance and social justice issues and it provides innovative case studies from a wide variety of contexts. * Ray Bromley, State University of New York at Albany *More details
Series
Language
English
Place of publication
Oxford
United Kingdom
Target group
Professional and scholarly
Illustrations
numerous tables and figures
Dimensions
Height: 234 mm
Width: 156 mm
Thickness: 17 mm
Weight
480 gr
ISBN-13
978-0-19-923729-6 (9780199237296)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Basudeb Guha-Khasnobis | Ravi Kanbur | The late Elinor Ostrom
Linking the Formal and Informal Economy
Concepts and Policies
Book
09/2006
Oxford University Press
€205.80
Shipment within 15-20 days
Basudeb Guha-Khasnobis | Ravi Kanbur | The late Elinor Ostrom
Linking the Formal and Informal Economy
Concepts and Policies
E-Book
09/2006
OUP eBook
€44.99
Available for download
Persons
Basudeb Guha-Khasnobis is a Senior Research Fellow at UNU-WIDER. He is a PhD from the University of Rochester and worked for IGIDR (Mumbai), ICRIER (New Delhi) and The Exim Bank of India. His research interests include international economics, development economics and financial economics.
Ravi Kanbur is T.H. Lee Professor of World Affairs, International Professor of Applied Economics and Management, and Professor of Economics at Cornell University, and previously Professor of Economics at the University of Warwick, and Chief Economist for Africa at the World Bank.
Elinor Ostrom was Arthur F. Bentley Professor of Political Science at Indiana University. She was also Co-Director, Workshop in Political Theory and Policy Analysis and Co-Director, Center for the Study of Institutions, Population and Environmental Change (CIPEC) at Indiana University. She was a member of the Expert Group on Development Issues of the Swedish Ministry for Foreign Affairs.
Ravi Kanbur is T.H. Lee Professor of World Affairs, International Professor of Applied Economics and Management, and Professor of Economics at Cornell University, and previously Professor of Economics at the University of Warwick, and Chief Economist for Africa at the World Bank.
Elinor Ostrom was Arthur F. Bentley Professor of Political Science at Indiana University. She was also Co-Director, Workshop in Political Theory and Policy Analysis and Co-Director, Center for the Study of Institutions, Population and Environmental Change (CIPEC) at Indiana University. She was a member of the Expert Group on Development Issues of the Swedish Ministry for Foreign Affairs.
Content
1. Beyond Formality and Informality ; CONCEPTS AND MEASUREMENT ; 2. Bureaucratic Form and the Informal Economy ; 3. The Global Path: Soft Law and Non-sovereigns Formalizing the Potency of the Informal Sector ; 4. The Relevance of the Concepts of Formality and Informality: A Theoretical Appraisal ; 5. Rethinking the Informal Economy: Linkages with the Formal Economy and the Formal Regulatory Environment ; 6. Formal and Informal Enterprises: Concept, Definition, and Measurement Issues in India ; EMPIRICAL STUDIES OF POLICIES AND INTERLINKING ; 7. The Impact of Regulation on Growth and Informality: Cross-Country Evidence ; 8. Financial Liberalization in Vietnam: Impact on Loans from Informal, Formal, and Semi-formal Providers ; 9. Blocking Human Potential: How Formal Policies Block the Informal Economy in the Maputo Corridor ; 10. Microinsurance for the Informal Economy Workers in India ; 11. Turning to Forestry for a Way Out of Poverty: Is Formalizing Property Rights Enough? ; 12. Voluntary Contributions to Informal Activities Producing Public Goods: Can These be Induced by Government and other Formal Sector Agents? Some Evidence from Indonesian Posyandus ; 13. Social Capital, Survival Strategies, and their Potential for Post-Conflict Governance in Liberia ; 14. Enforcement and Compliance in Lima's Street Markets: The Origins and Consequences of Policy Incoherence Toward Informal Traders ; 15. Formalizing the Informal: Is There a Way to Safely Unlock Human Potential Through Land Entitlement? A Review of Changing Land Administration in Africa