Economics/Finances Revisiting the Informal Sector: A General Equilibrium Approach (1441911936)

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Revisiting the Informal Sector: A General Equilibrium Approach

The last 50 years have seen unprecedented population growth and urbanization, particularly in developing countries. However, economic development in these countries has failed to generate adequate employment and income opportunities in the modern sector. This imbalance has compelled the surplus labor force to generate its own means of employment and survival in the informal sector. The informal sector is economic activity that is neither taxed nor monitored by a government. Its main characteristics are: easy entry for new enterprises, reliance on indigenous resources, family ownership of enterprises, small scale operations and low productivity, labor-intensive and adapted technology, reliance of workers on informal sources of education and skills, unregulated and competitive markets and lack of governmental support.

This timely, comprehensive book provides insight into the diverse aspects of the informal sector, its role in the context of unemployment, child labor, globalization and environment, as well as its multi-faceted interaction with the other sectors of the economy. It outlines previous doctrines that portray the informal sector as a sector of last resort, and elucidates newer approaches that see the informal sector as dynamic and instrumental in ameliorating unemployment and propelling the developing economies towards growth and prosperity. Finally, the book critically reviews the contradictions within both to trace the nature and direction of desirable policy parameters. It is an invaluable reference for academics and students in development and international economics. The book’s findings will also be useful to policymakers for application to development projects.

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	Economics/Finances Macroeconomic Theory: A Dynamic General Equilibrium Approach Michael Wickens, "Macroeconomic Theory: A Dynamic General Equilibrium Approach"Publisher: Princeton University Press \| Pages: 496 \| 2008-01-03 \| ISBN: 0691116407 \| PDF \| 2.16 MBMacroeconomic Theory is the most up-to-date graduate-level macr ...
	Economics/Finances The Equilibrium Manifold: Postmodern Developments in the Theory of General Economic Equilibrium Yves Balasko "The Equilibrium Manifold: Postmodern Developments in the Theory of General Economic Equilibrium"The MIT Press \| English \| 2009-05-29 \| ISBN: 0262026546 \| 264 pages \| PDF \| 1,1 MBIn The Equilibrium Manifold, noted economic scho ...
	Economics/Finances The Macroeconomics of Imperfect Competition and Nonclearing Markets: A Dynamic General Equilibrium Approach Jean-Pascal Bénassy, "The Macroeconomics of Imperfect Competition and Nonclearing Markets: A Dynamic General Equilibrium Approach"The MIT Press \| 2003-01-03 \| ISBN: 0262025280, 0262524368 \| 320 pages \| PDF \| 1 MBIn this book Jean-Pasca ...
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	Business Strategic Foundations of General Equilibrium This book reports on a major research program to provide strategic foundations for the theory of competition. Making use of insights from game theory, search theory and bargaining theory, the author develops a model to explain what actually ...

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