ABSTRACT
This conclusion presents some closing thoughts on the key concepts discussed in the preceding chapters of the book. This book discusses the various formal institutional failures and imperfections along with the competing views regarding what formal institutional failures and imperfections lead to greater institutional asymmetry and therefore the prevalence of informal entrepreneurship. It describes the prevalence, impacts and reasons for informal entrepreneurship in global perspective and also provides a review of the policy options and approaches for tackling informal entrepreneurship. Moreover, a multivariate profit regression analysis revealed a statistically significant association between whether a formal business started up unregistered and its level of trust in formal institutions. This provides support for the institutional asymmetry thesis that the prevalence of informal entrepreneurship is strongly correlated with the level of institutional asymmetry; the greater the lack of alignment between formal and informal institutions, the greater is the prevalence of informal entrepreneurship.
