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Formal And Informal Sector Causes Consequences And Government Measures In Socio Economic Development
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Book Synopsis FORMAL AND INFORMAL SECTOR: CAUSES, CONSEQUENCES AND GOVERNMENT MEASURES IN SOCIO-ECONOMIC DEVELOPMENT by : Dr. Chinmoy Sarkar
Download or read book FORMAL AND INFORMAL SECTOR: CAUSES, CONSEQUENCES AND GOVERNMENT MEASURES IN SOCIO-ECONOMIC DEVELOPMENT written by Dr. Chinmoy Sarkar and published by Namya Press. This book was released on 2024-02-15 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Formal and Informal Sector in India -Causes, Consequences and Policy framework in socio-economic development” is an endeavor of the Research Wing of Siliguri College of Commerce, Siliguri to get an insight about the emerging issues faced by the formal and informal sector in India. As a developing economy, India has grown in GDP terms since 2005 and is one of the fastest growing economies in the world as of now, overtaking the GDP of Great Britain in 2022. Apart from her satisfactory growth in terms of formal planning, the size and magnitude of India’s informal sector is something which is a concern for both researchers and planners. Large informal clusters in metro cities of Argentina, Brazil and Mexico as well as in emerging metros like Surat, Siliguri, Bhopal and Vijaywada may thwart any comprehensive planning premises of a welfare state. There are issues of livelihoods and educational attainments if the informal base is large and operate beyond the spectrum of Government initiatives. The vulnerabilities of the migrant workers, the livelihoods of small traders and the literacy attainments of the school going children enrolled in low cost public schools were severely impacted when India was closed down for almost 187 days in 2020-2022 during the COVID crisis. The presence of informal workers in agricultural sector, small scale industries, MSMEs and informal employment is anything close to 235 million in India. There has been sincere efforts by our Governments to uplift the rural poor and the marginalized urban clusters by means of self-employment schemes and tax incentives, but such efforts do not reach the informal economy. Therefore the main focus lies in integrating these clusters with the formal economy. This is undoubtedly a formidable task. Further there is a need for a national floor to protect the wages of the clusters operating in the informal sector- in terms of minimum wage, health and safety measures as well as literacy attainments. On the other side, schooling, literacy attainments and livelihoods were severely affected during the lockdown. These are the issues which are raised in this publication.
Book Synopsis The Long Shadow of Informality by : Franziska Ohnsorge
Download or read book The Long Shadow of Informality written by Franziska Ohnsorge and published by World Bank Publications. This book was released on 2022-02-09 with total page 397 pages. 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.
Book Synopsis The Informal Economy by : Ceyhun Elgin
Download or read book The Informal Economy written by Ceyhun Elgin and published by Routledge. This book was released on 2020-07-30 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Informal Economy: Measures, Causes, and Consequences provides a comprehensive account of the economics of informality through the lenses of various economic perspectives. Although informal economic activity is widespread all around the world, many issues around its nature and consequences remain largely under-explored or unresolved. Most importantly, the evidence presented in the existing literature on informality has failed to generate a consensus on the measurements, causes, and effects of the informal sector among researchers. Most, if not all, of the empirical results are inconclusive or dependent on the nature of the dataset used in the analysis. This book aims to address that gap by exploring different definitions and measures of the informal economy, including different perspectives, then subjecting these measures to a battery of empirical tests to examine the determinants and effects of informality. Through this analysis and an extensive review of the literature, the book explores many of the economic, political, and social factors of the informal economy including the relationship between informality and the tax burden, tax enforcement, and institutional quality. This key text makes for compulsive reading to scholars and students interested in the informal or shadow economy.
Author :Dr. Deba Ranjan Hota Publisher :Horizon Books ( A Division of Ignited Minds Edutech P Ltd) ISBN 13 :8194682789 Total Pages :65 pages Book Rating :4.1/5 (946 download)
Book Synopsis INFORMAL WORKERS IN THE INTERSTICES OF FORMAL SECTOR: DYNAMICS AND DILEMMAS by : Dr. Deba Ranjan Hota
Download or read book INFORMAL WORKERS IN THE INTERSTICES OF FORMAL SECTOR: DYNAMICS AND DILEMMAS written by Dr. Deba Ranjan Hota and published by Horizon Books ( A Division of Ignited Minds Edutech P Ltd). This book was released on 2021-05-06 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: The focus of this book is the development of an understanding which will familiarize one to the basic concept of informal and formal sector from a sociological perspective. The growth of informal sector as a critical component of society and economy has gained numerous attention from various discipline. It is worthy to explore the dynamics and dilemmas of informal workers in formal sectors which have been less explored from social sciences parlance. A formal sector which only absorbs a tiny population in India’s working population has always taken advantage of the interlink ages of informal structure and policies operating in such context. The two way relationship of both the sectors bring new and fresh perspective to understand the intrinsic overlaps and interconnectedness and brought new conceptual dilemmas to the fore. In this volume, I tried to address the issues of migration, the primordial kinship bondages and the informal network existing in formal spheres in a university set up. The success and failed stories of the residents of shanty colonies has been dealt exploring the cause, consequences of social and economic life shading more light on the exploitative and extractive nature of the patrons in the studied areas. The present book is basically examined the socio- economic background, the process of migration and reasons of it. The cause and consequences of working in formal sectors of informal workers, establishment and growth of the colonies have found prominent place in the analysis to understand the present occupation structure, their economic role and intricate relationship with their patrons in the university. To conclude the dynamics and dilemmas of the workers of informal sectors can unravel finer debate at conceptual level for both formal and informal level. The underlying process has lot to contribute in developing sound legal framework to protect the live and livelihood of the more fragile informal workers. The plan of the book is as following: Chapter one deals with an introductory in the problems under study including objectives and hypothesis of the study. Chapter two describes the field and also with the methodology and about the various research methods adopted for the study. Chapter three narrates the socio-economic background of the respondents. Chapter four is concerned with assets and occupation of the migrants at their native places and the factors operating in the process of migration. Chapter five highlights the process of arrival and establishment to Jyoti Bihar and also the various forms of help in establishing oneself.. Chapter six, deals with present occupation of the respondent and the dichotomy and relationship between formal and informal sector. Also give clue to the various forms of help helping the respondents for the entry to both formal and informal sector. It also talks about the service or the help rendered to their respective patron by the respondents. Chapter seven gives a detail picture of the loan taken or loan given by the respondents and linkages between a patron and a money lender. Chapter eight shows the savings by the respondents along with its purpose for the future. Chapter nine, deals with the types and description of the patrons and also with their future working sphere. Chapter ten, focuses on the future scenario which leads to the conclusion part of the present study summing up all the major findings of the study.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :161635156X Total Pages :230 pages Book Rating :4.6/5 (163 download)
Book Synopsis Public Sector Debt Statistics by : International Monetary Fund
Download or read book Public Sector Debt Statistics written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-12-08 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of recent years and the associated large fiscal deficits and debt levels that have impacted many countries underscores the importance of reliable and timely government statistics and, more broadly, public sector debt as a critical element in countries fiscal and external sustainability. Public Sector Debt Statistics is the first international guide of its kind, and its primary objectives are to improve the quality and timeliness of key debt statistics and promote a convergence of recording practices to foster international comparability and as a reference for national compilers and users for compiling and disseminating these data. Like other statistical guides published by the IMF, this one was prepared in consultation with countries and international agencies, including the nine organizations of the Inter-Agency Task Force on Finance Statistics (TFFS). The guide's preparation was based on the broad range of experience of our institutions and benefitted from consultation with national compilers of government finance and public sector debt statistics. The guide's concepts are harmonized with those of the System of National Accounts (2008) and the Balance of Payments and International Investment Position Manual, Sixth Edition.
Book Synopsis Economic Informality by : Ana Maria Oviedo
Download or read book Economic Informality written by Ana Maria Oviedo and published by World Bank Publications. This book was released on 2009-06-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This survey assembles recent theoretical and empirical advances in the literature on economic informality and analyzes the causes and costs of informality in developed and developing economies. Using recent evidence, the survey discusses the nature and roots of informal economic activity across countries, distinguishing between informality as the result of exclusion and exit. The survey provides an extensive review of recent international experience with policies aimed at reducing informality, in particular, policies that facilitate the formalization process, create a framework for the transition from informality to formality, lend support to newly created firms, reduce or eliminate inconsistencies across regulation and government agencies, increase information flows, and increase enforcement.
Book Synopsis The Informal Economy in Sub-Saharan Africa by : Leandro Medina
Download or read book The Informal Economy in Sub-Saharan Africa written by Leandro Medina and published by International Monetary Fund. This book was released on 2017-07-10 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: The multiple indicator-multiple cause (MIMIC) method is a well-established tool for measuring informal economic activity. However, it has been criticized because GDP is used both as a cause and indicator variable. To address this issue, this paper applies for the first time the light intensity approach (instead of GDP). It also uses the Predictive Mean Matching (PMM) method to estimate the size of the informal economy for Sub-Saharan African countries over 24 years. Results suggest that informal economy in Sub-Saharan Africa remains among the largest in the world, although this share has been very gradually declining. It also finds significant heterogeneity, with informality ranging from a low of 20 to 25 percent in Mauritius, South Africa and Namibia to a high of 50 to 65 percent in Benin, Tanzania and Nigeria.
Book Synopsis Global Economic Prospects, January 2019 by : World Bank Group
Download or read book Global Economic Prospects, January 2019 written by World Bank Group and published by World Bank Publications. This book was released on 2019-02-12 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: The outlook for the global economy has darkened. Global financing conditions have tightened, industrial production has moderated, trade tensions have intensified, and some large emerging market and developing economies have experienced significant financial market stress. Faced with these headwinds, the recovery in emerging market and developing economies has lost momentum. Downside risks have become more acute and include the possibility of disorderly financial market movements and an escalation of trade disputes. Debt vulnerabilities in emerging market and developing economies, particularly low-income countries, have increased. More frequent severe weather events would raise the possibility of large swings in international food prices, which could deepen poverty. In this difficult environment, it is of paramount importance for emerging market and developing economies to rebuild policy buffers while laying a stronger foundation for future growth by boosting human capital, promoting trade integration, and addressing the challenges associated with informality,
Book Synopsis The Shadow Economy by : Friedrich Schneider
Download or read book The Shadow Economy written by Friedrich Schneider and published by Cambridge University Press. This book was released on 2013-02-14 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents new data to give an overview of shadow economies from OECD countries and propose solutions to prevent illicit work.
Book Synopsis Revisiting the Informal Sector by : Sarbajit Chaudhuri
Download or read book Revisiting the Informal Sector written by Sarbajit Chaudhuri and published by Springer Science & Business Media. This book was released on 2009-10-15 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 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.
Book Synopsis Measuring the Informal Economy by : Mr.Gabriel Quiros-Romero
Download or read book Measuring the Informal Economy written by Mr.Gabriel Quiros-Romero and published by International Monetary Fund. This book was released on 2021-02-02 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes a framework for measuring the informal economy that is consistent with internationally agreed concepts and methodology for measuring GDP. Based on the proposed framework, the informal economy “comprises production of informal sector units, production of goods for own final use, production of domestic workers, and production generated by informal employment in formal enterprises.” This proposed framework will facilitate preparation of estimates of the informal economy as a component of GDP.
Download or read book Informality written by Guillermo Perry and published by World Bank Publications. This book was released on 2007 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes informality in Latin America, exploring root causes and reasons for and implications of its growth. This book uses two distinct but complementary lenses. It concludes that reducing informality levels and overcoming the "culture of informality" will require actions to increase aggregate productivity in the economy.
Book Synopsis Good Jobs, Bad Jobs, No Jobs by : Tony Avirgan
Download or read book Good Jobs, Bad Jobs, No Jobs written by Tony Avirgan and published by . This book was released on 2005 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Causes and Consequences of Income Inequality by : Ms.Era Dabla-Norris
Download or read book Causes and Consequences of Income Inequality written by Ms.Era Dabla-Norris and published by International Monetary Fund. This book was released on 2015-06-15 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.
Book Synopsis Key Policies for Addressing the Social Determinants of Health and Health Inequities by : Centers of Disease Control
Download or read book Key Policies for Addressing the Social Determinants of Health and Health Inequities written by Centers of Disease Control and published by World Health Organization. This book was released on 2017-09-27 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evidence indicates that actions within four main themes (early child development fair employment and decent work social protection and the living environment) are likely to have the greatest impact on the social determinants of health and health inequities. A systematic search and analysis of recommendations and policy guidelines from intergovernmental organizations and international bodies identified practical policy options for action on social determinants within these four themes. Policy options focused on early childhood education and care; child poverty; investment strategies for an inclusive economy; active labour market programmes; working conditions; social cash transfers; affordable housing; and planning and regulatory mechanisms to improve air quality and mitigate climate change. Applying combinations of these policy options alongside effective governance for health equity should enable WHO European Region Member States to reduce health inequities and synergize efforts to achieve the United Nations Sustainable Development Goals.
Book Synopsis The Informal Economy in Developing Countries by : Jean-Pierre Cling
Download or read book The Informal Economy in Developing Countries written by Jean-Pierre Cling and published by Routledge. This book was released on 2014-08-21 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: Informality is ubiquitous in most developing countries. Understanding the informal economy is therefore of utmost importance from a political, economic and social point of view. Paradoxically, despite its economic importance, knowledge is extremely limited regarding the informal economy. It remains largely unrecognized by researchers, is neglected by politicians, and is even negatively perceived as it is meant to disappear with development. This book aims to amend this situation by presenting recent high level research which studies the informal sector and informal employment. Fresh research into this subject is presented through empirical analysis which covers Asia, Africa and Latin America. Each chapter relies on data and a detailed knowledge of the context of the countries studied in order to question the dominant schools of thought on the origins and causes of informality. The results provide interesting insights into the constraints faced by informal workers, the dynamics of the informal economy and its link with poverty issues. On the basis of the evidences provided by results adequate policies could be defined to address informality issues. The principal characteristics of the informal sector testify to some profound similarities between developing countries: low qualifications and the precariousness of jobs, mediocre incomes and working conditions, atomization of production units and lack of articulation with the formal economy, etc. This general statement does not contradict the observation that there is a high level of heterogeneity in the sector and in informal employment within each country, confirmed by several chapters in this work. In the absence of a sufficient number of job creations, the informal sector essentially constitutes a refuge for workers seeking and is here to stay in the short and medium term, even in emerging countries.
Book Synopsis Formalizing the Shadow Economy in Serbia by : Gorana Krstić
Download or read book Formalizing the Shadow Economy in Serbia written by Gorana Krstić and published by Springer. This book was released on 2015-04-21 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main objective of this book is to develop a strategy and policy measures to enhance the formalization of the shadow economy in order to improve the competitiveness of the economy and contribute to economic growth; it explores these issues with special reference to Serbia. The size and development of the shadow economy in Serbia and other Central and Eastern European countries are estimated using two different methods (the MIMIC method and household-tax-compliance method). Micro-estimates are based on a special survey of business entities in Serbia, which for the first time allows us to explore the shadow economy from the perspective of enterprises and entrepreneurs. The authors identify the types of shadow economy at work in business entities, the determinants of shadow economy participation, and the impact of competition from the informal sector on businesses. Readers will learn both about the potential fiscal effects of reducing the shadow economy to the levels observed in more developed countries and the effects that formalization of the shadow economy can have on economic growth.
