Linking the formal and informal economy: concepts and policies

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Oxford University Press, Nov 23, 2006 - Business & Economics - 294 pages
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This book brings together a new collection of studies on formality and informality in developing countries. The concepts of formal and informal are still central to the theory and practice of development more than half a century after they were first introduced. 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 book argues 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 book is multidisciplinary in nature, with contributions from anthropologists, economists, sociologists, and political scientists.

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Bureaucratic Form and the Informal Economy
Soft Law and Nonsovereigns Formalizing
Levels of action situations

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About the author (2006)

Basudeb Guha-Khasnobis is, since 2002, a research fellow and project director at UNU-WIDER. Previous appointments include IGIDR (Mumbai), the EXIM Bank of India (Bangalore) ICRIER (New Delhi), and as a research consultant for several international organizations.
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 is Arthur F. Bentley Professor of Political Science at Indiana University. She is 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 is a member of the Expert Group on Development Issues of the Swedish Ministry for Foreign Affairs.