23 Pages Posted: 20 Apr 2016
Date Written: January 21, 2003
Maloney develops a view of the informal sector in developing countries primarily as an unregulated micro-entrepreneurial sector and not as a disadvantaged residual of segmented labor markets. Drawing on recent work from Latin America, he offers alternative explanations for many of the characteristics of the informal sector customarily regarded as evidence of its inferiority.
This paper - a product of the Office of the Regional Chief Economist, Latin America and the Caribbean Region - is part of a larger effort in the region to understand the impact of macroeconomic crises.
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