During much of the twentieth century, informal employment and entrepreneurship was commonly depicted as a residue from a previous era. Its continuing presence was seen to be a sign of "backwardness" whilst the formal economy represented "progress". In recent decades, however, numerous studies have revealed not only that informal employment is extensive and persistent but also that it is growing relative to formal employment in many populations. Whilst in the developing world, the informal economy is often found to be the mainstream economy, nevertheless, in the developed world too, informality is currently still estimated to account for notable per cent of GDP.

The Informal Economy: Exploring Drivers and Practices intends to engage with these issues, providing a much-need ‘contextualised’ approach to explain the persistence and growth of forms of informal economic practices and entrepreneurial activities in the twenty-first century. Using a diverse range of empirical case studies from Europe, Africa, North Africa and Asia, this book unpacks the different varieties of forms of informal work and entrepreneurship and provides a critical analysis of existing theorisations used to explain such phenomena.

This book’s aim is to examine the nature and persistence of informal work and entrepreneurship, across a variety of empirical settings, from within the developed world, the developing world and within transformation economies within post-socialist spaces.

Given its worldwide, interdisciplinary and multidisciplinary approach and recent interest in the informal economies by a number of disciplines and organisations, this book will be of vital reading to those operating in the fields of: Economics, political economy and management, Human and economic geography and Economic anthropology and sociology as well as development studies

part I|105 pages

The Drivers of the Informal Economy

chapter 6|23 pages

Labour Market Institutions and Undeclared Work

A Multilevel Analysis of Central and Eastern European Countries

part II|139 pages

The Nature/Character of the Informal Economy

chapter 8|18 pages

From Goods to Emotions

The Transformation of Informal Practices in the Republic of Georgia

chapter 9|15 pages

Looking for Freedom in Grey Areas

Approaches to Informality As a Space for Negotiating Goals of Neoliberalism in Developing the Cooperation Sector

chapter 11|19 pages

Bazaar and Local Governance

The Case of Legalizing Informal Economic Practices in the Batkhela Bazaar, Pakistan