Informal Labour Markets and Development
This book presents significant new research on the informal labour markets of developing countries. Examining the critical role of informal labour markets in allowing countries to adjust successfully to the forces of globalization, this volume also brings to the fore a number of problems associated with the expansion of informal employment, such as poor working conditions, the lack of worker protection and the proliferation of urban slums. Comprising theoretical and empirical case studies from Africa, Asia, Central Europe and Latin America, it facilitates comparisons across developing countries from diverse geographical areas.
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'Despite Arthur Lewis’s predictions and arguments in the 1950s, it is clear that the informal sector is here to stay. Over the last half a century, the dynamics of rich and poor economies have further impressed the fact that ‘informality’ is not a passing phenomenon. In this context, this volume from UNU-WIDER is a great contribution to an appreciation of the opportunities and challenges in the informal sector. The countries selected show the rich experience in the informal sector of big and small economies from different regions of the world. A better understanding of the informality will enable policy makers and development practitioners to bring out the best from this sector, contributing to a world with more economic growth and less poverty. This book accomplishes this task very well.' - Sudharshan Canagarajah, Senior Economist, the World Bank