In a typical developing country, about 70 percent of workers and 30 percent of production are informal. Informality is a cause and a consequence of the lack of economic and institutional development. It implies productive inefficiency and a culture of evasion and noncompliance. Informality, however, exists because it offers the advantages of flexibility and employment in economies with low labor productivity and an excessive regulatory burden. Under...
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INFORMATION
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2018/12/19
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133110
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2018/12/19
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Disclosed
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Informality : Why Is It So Widespread and How Can It Be Reduced?
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international organization for standardization
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