the Informal Economy of the Developing World

05/11/2013 10:11

by Bruce Sundquist
The informal economy of the developing world is typically composed of very small businesses that are not registered in any way. They are rarely run from business premises. Instead, they are run from homes, street pavements or other informal squatter-like arrangements. They are usually a result of the massive rural-to-urban migration occurring throughout the developing world reflecting a scarcity of undeveloped arable land and divisions of family farms among numerous heirs.  [Read more] ...