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The Informal Economy: Studies in Advanced and Less Developed Countries [Paperback]

Alejandro Portes , Manuel Castells , Lauren A. Benton

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Book Description

1 Mar 1989

A New York roofer requests payment in cash. A Bogota car mechanic sets up "shop" on a quiet side street. Four Mexican immigrants assemble semiconductors in a San Diego home. A Leningrad doctor sells needed medicine to a desperate patient. All are part of a growing worldwide phenomenon that is widely known but little understood. The informal or underground economy is thriving today, not only in the Third World countries where it was first reported and studied but also in Eastern Europe and the developed nations of the West.

The Informal Economy is the first book to bring together studies from all three of these settings and to integrate them into a coherent theoretical framework. Taking an international perspective, the authors dispel a number of misconceptions about the informal economy. They make clear, for instance, that it is not solely a province of the poor. Cutting across social strata, it reflects a political and economic realignment between employers and workers and a shift in the regulatory mission of the government. Throughout, the authors' theoretical observations serve not only to unify material from diverse sources but also to map out directions for further research.



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The Informal Economy makes it clear that the economic arrangements recorded in official statistics are not the only ones worth studying.

(Nancy Foner Science)

[An] intensely interesting and readable set of case studies... The 'moving boundaries' of definition make is possible to include an extraordinary diversity of materials from the cocaine economy of Bolivia to the vibrant small-firm economy of the Italiam 'Red belt,' from Malaysia to Mexico City to Miami and New York. There are interesting data on informal personal incomes and outlays of the Soviet population, and an essay on the 'informalization' of the British economy under Thatcherism.

(Lisa R. Peattie Studies in Comparative International Development)

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First Sentence
The informal economy, in all the ambiguity of its connotations, has come to constitute a major structural feature of society, both in industrialized and less developed countries. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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5.0 out of 5 stars The Informal Economy: Studies in Advanced and Less Developed Countries (Purchased on 01/27/2010) 1 Mar 2010
By Onyebueke Victor - Published on Amazon.com
Format:Paperback|Verified Purchase
Delighted to receive the book in very good condition 'as good as new' as was specified in the Amazon order page. The delivery period was also very timely and so I can really say that the out-come by far exceeded by modest expectation. Living and working in Africa, successful transactions of this nature really make us feel like we belong to the evolving 'global village'.
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