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Informality, especially in economic practice, poses a recurrent problem in development literature. Economic informality is broadly associated with weaker economic outcomes: countries with larger informal sectors have lower per capita incomes, greater poverty, less financial development, and weaker growth in output, investment, and productivity. As such regimes across the globe have sought to intervene in, and formalize the informal sector through worker registration drives, technology transfers, and other interventions which attempt to expand the reach of the formal economy bringing swaths of the working population under regimes of taxation, workplace safety, and enhanced productivity.
Informality, especially in economic practice, poses a recurrent problem in development literature. Economic informality is broadly associated with weaker economic outcomes: countries with larger informal sectors have lower per capita incomes, greater poverty, less financial development, and weaker growth in output, investment, and productivity. As such regimes across the globe have sought to intervene in, and formalize the informal sector through worker registration drives, technology transfers, and other interventions which attempt to expand the reach of the formal economy bringing swaths of the working population under regimes of taxation, workplace safety, and enhanced productivity.
Informality, especially in economic practice, poses a recurrent problem in development literature. Economic informality is broadly associated with weaker economic outcomes: countries with larger informal sectors have lower per capita incomes, greater poverty, less financial development, and weaker growth in output, investment, and productivity. As such regimes across the globe have sought to intervene in, and formalize the informal sector through worker registration drives, technology transfers, and other interventions which attempt to expand the reach of the formal economy bringing swaths of the working population under regimes of taxation, workplace safety, and enhanced productivity.
Informality, especially in economic practice, poses a recurrent problem in development literature. Economic informality is broadly associated with weaker economic outcomes: countries with larger informal sectors have lower per capita incomes, greater poverty, less financial development, and weaker growth in output, investment, and productivity. As such regimes across the globe have sought to intervene in, and formalize the informal sector through worker registration drives, technology transfers, and other interventions which attempt to expand the reach of the formal economy bringing swaths of the working population under regimes of taxation, workplace safety, and enhanced productivity.
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