The Long Shadow of Informality (Paperback)

Franziska Ohnsorge

ISBN 10: 1464817537 / ISBN 13: 9781464817533

Published by World Bank Publications, Washington, 2022

About this Item

Paperback. 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. Provides the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.

Seller Inventory # 9781464817533

Bibliographic Details

• Title: The Long Shadow of Informality (Paperback)
• Publisher: World Bank Publications, Washington
• Publication Date: 2022
• Language: English
• ISBN 10: 1464817537
• ISBN 13: 9781464817533
• Binding: Paperback
• Condition: new

About this title

Synopsis

A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging markets and developing economies. Widespread informality 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.

About the Author

The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.