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Entrepreneurship in the Informal Sector

2017-09-22 Business & Economics
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Release : 2017-09-22
Genre : Business & Economics
Kind : eBook
Book Rating : 931/5 ( reviews)

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Book Synopsis Entrepreneurship in the Informal Sector by : Colin C. Williams

Download or read book Entrepreneurship in the Informal Sector written by Colin C. Williams. This book was released on 2017-09-22. Available in PDF, EPUB and Kindle. Book excerpt: How many businesses start-ups conduct some or all of their trade ‘off-the-books’? And how many enterprises continue to do some of their work off-the-books once they are more established? What should be done about them? Should governments adopt ever more punitive measures to eradicate them? Or should we recognise this hidden enterprise culture and attempt to harness it? If so, how can this be done? What measures can be taken to ensure that businesses start-up in a proper manner? And what can be done to help those enterprises and entrepreneurs currently working off-the-books to legitimise their businesses? The aim of this book is to advance a new way of answering these questions. Drawing inspiration from institutional theory, informal sector entrepreneurship is explained as resulting from the asymmetry between the codified laws and regulations of a society’s formal institutions and the norms, values and beliefs that comprise a society’s informal institutions. The argument is that if the norms, values and beliefs of entrepreneurs (i.e., their individual morality) were wholly aligned with the codified laws and regulations (i.e., state morality), there would be no informal sector entrepreneurship. However, because the individual morality of entrepreneurs differs from state morality, such as due to their lack of trust in government and the rule of law, the result is the prevalence of informal sector entrepreneurship. The greater the degree of institutional asymmetry, the higher is the propensity to engage in informal sector entrepreneurship. This book provides evidence to show that this is the case both at the individual- and country-level and then discusses how this can be overcome. .

Entrepreneurship in the Informal Economy

2013-03-05 Business & Economics
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Release : 2013-03-05
Genre : Business & Economics
Kind : eBook
Book Rating : 243/5 ( reviews)

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Book Synopsis Entrepreneurship in the Informal Economy by : Mai Thi Thanh Thai

Download or read book Entrepreneurship in the Informal Economy written by Mai Thi Thanh Thai. This book was released on 2013-03-05. Available in PDF, EPUB and Kindle. Book excerpt: Although entrepreneurship in the informal economy occurs outside state regulatory systems, informal commercial activities account for an estimated 30% of economic activity around the world. Informal entrepreneurship goes unmonitored despite the fact that it significantly contributes to poverty reduction and economic development. As a result, the informal sector is open to unethical practices including corruption, worker exploitation, and natural environment abuse to name just a few. In the media, debates have formed around whether informal entrepreneurship should be assisted or legitimized. Hence, a deep understanding of the phenomenon is vitally important. This book is the first on the market to offer models and approaches to informal entrepreneurship as well as to its prospects for economic development. Offering an in-depth examination of informal entrepreneurship in many different countries, it reveals the motivations for engaging in entrepreneurship in the informal economy, characteristics of informal entrepreneurship, and informal entrepreneurs’ response to ethical issues. This volume illustrates the relationship between formal and informal economies and the conditions for the benefits of informal entrepreneurship to outweigh its disadvantages. And finally, it gives recommendations about when and how the informal economy can be formalized, which sectors should be formalized, and which ones can remain informal. This book offers much-needed guidance for stakeholders involved in economic development programs and scholars and entrepreneurs interested in the field of informal entrepreneurship as it is developing around the globe.

Entrepreneurship in the Informal Economy

2013 Business & Economics
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Release : 2013
Genre : Business & Economics
Kind : eBook
Book Rating : 824/5 ( reviews)

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Book Synopsis Entrepreneurship in the Informal Economy by : Mai Thi Thanh Thai

Download or read book Entrepreneurship in the Informal Economy written by Mai Thi Thanh Thai. This book was released on 2013. Available in PDF, EPUB and Kindle. Book excerpt: Although entrepreneurship in the informal economy occurs outside state regulatory systems, informal commercial activities account for an estimated 30% of economic activity around the world. Informal entrepreneurship goes unmonitored despite the fact that it significantly contributes to poverty reduction and economic development. As a result, the informal sector is open to unethical practices including corruption, worker exploitation, and natural environment abuse to name just a few. In the media, debates have formed around whether informal entrepreneurship should be assisted or legitimized. Hence, a deep understanding of the phenomenon is vitally important. This book is the first on the market to offer models and approaches to informal entrepreneurship as well as to its prospects for economic development. Offering an in-depth examination of informal entrepreneurship in many different countries, it reveals the motivations for engaging in entrepreneurship in the informal economy, characteristics of informal entrepreneurship, and informal entrepreneurs' response to ethical issues. This volume illustrates the relationship between formal and informal economies and the conditions for the benefits of informal entrepreneurship to outweigh its disadvantages. And finally, it gives recommendations about when and how the informal economy can be formalized, which sectors should be formalized, and which ones can remain informal. This book offers much-needed guidance for stakeholders involved in economic development programs and scholars and entrepreneurs interested in the field of informal entrepreneurship as it is developing around the globe.

The Long Shadow of Informality

2022-02-09 Business & Economics
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Release : 2022-02-09
Genre : Business & Economics
Kind : eBook
Book Rating : 545/5 ( reviews)

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Book Synopsis The Long Shadow of Informality by : Franziska Ohnsorge

Download or read book The Long Shadow of Informality written by Franziska Ohnsorge. This book was released on 2022-02-09. Available in PDF, EPUB and Kindle. Book excerpt: A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.

Entrepreneurship and the Informal Sector

2022-12-26 Business & Economics
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Release : 2022-12-26
Genre : Business & Economics
Kind : eBook
Book Rating : 044/5 ( reviews)

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Book Synopsis Entrepreneurship and the Informal Sector by : Nnamdi O. Madichier

Download or read book Entrepreneurship and the Informal Sector written by Nnamdi O. Madichier. This book was released on 2022-12-26. Available in PDF, EPUB and Kindle. Book excerpt: This book contributes to the ongoing discussion around entrepreneurship in Africa and how it can be made more sustainable. The chapters included highlight the need to consider the grey area between private and public sector dichotomy, which has been the focus of previous research efforts. The contributors to this book offer an intersectional view of entrepreneurship and widen the lens of inquiry to include informal sectors in discussions pertaining to innovation in business. The individual chapters consider economic and sociocultural contexts, the role of gender, the effect of militancy on entrepreneurship and informal small and medium enterprises. By doing so, this book argues that the neglect accorded to the informal and self-employment sectors may have hampered African business development in various ways. This book is a significant new contribution to studying informality in relation to business and entrepreneurship. It will be of interest to researchers and advanced students of business, economics, politics, sociology, public policy, and development studies. This book was originally published as a special issue of the Journal of African Business.

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