Colin C. Williams - Böcker

Measurement of the shadow economy is notoriously difficult as it requires estimation of economic activity that is deliberately hidden from official transactions. Surveys typically understate the size of the shadow economy but econometric techniques can now be used to obtain a much better understanding of its size. The shadow economy constitutes approximately 10 per cent of GDP in the UK; about 14 per cent in Nordic countries and about 20 - 30 per cent in many southern European countries. The main drivers of the shadow economy are (in order): tax and social security burdens, tax morale, the quality of state institutions and labour market regulation. A reduction in the tax burden is therefore likely to lead to a reduction in the size of the shadow economy. Indeed, a virtuous circle can be created of lower tax rates, less shadow work, higher tax morale, a higher tax take and the opportunity for lower rates. Of course, a vicious circle in the other direction can also be created.

This text explores the dynamics of community self-help in local neighbourhoods. It shows how widespread it is, and argues that it should be considered as the third major sector of social and economic organization (alongside the state and market). Danny Burns, Colin C. Williams and Jan Windebank examine community self-help as a springboard into the mainstream, a complement to it and an alternative. Finally, the book opens out a vision of social organization with self-help and mutual aid at its heart.

The Routledge Handbook of Entrepreneurship in Developing Economies is a landmark volume that offers a uniquely comprehensive overview of entrepreneurship in developing countries. Addressing the multi-faceted nature of entrepreneurship, chapters explore a vast range of subject areas including education, economic policy, gender and the prevalence and nature of informal sector entrepreneurship.In order to understand the process of new venture creation in developing economies, what it means to be engaged in entrepreneurship in a developing world context must be addressed. This handbook does so by exploring the difficulties, risks and rewards associated with being an entrepreneur, and evaluates the impacts of the environment, relationships, performance and policy dynamics on small and entrepreneurial firms in developing economies. The handbook brings together a unique collection of over forty international researchers who are all actively engaged in studying entrepreneurship in a developing world context. The chapters offer concise but detailed perspectives and explanations on key aspects of the subject across a diverse array of developing economies, spanning Africa, Asia, Latin America and Eastern Europe. In doing so, the chapters highlight the heterogeneity of entrepreneurship in developed economies, and contribute to the on-going policy discourses for managing and promoting entrepreneurial growth in the developing world. The book will be of great interest to scholars, students and policymakers in the areas of development economics, business and management, public policy and development studies.

Consumer Services have been viewed as parasitic activities, dependent on other sectors of the economy for their viability and vitality. Yet local economic policy is now looking towards consumer services to solve severe economic problems. The rapid expansion of the service sector is now a principal feature of contemporary global economic restructuring.Consumer Services and Economic Development evaluates the contributions that consumer services can make to local economic development and revitalisation. A broad range of consumer service industries are examined in turn: tourism, sports, universities, retailing and cultural industries. Detailed local case studies illustrate the role, impact and effectiveness of consumer services in economic regeneration in a number of different contexts: the global city, contrsting urban areas and rural localities.With many localities in the advanced economies suffering from severe deindustrialisation and weak producer service growth, this book highlights the need for a fundamental rethink of both the function of services and of economic development theory and practice in general.

Re-Placing Informal Employment challenges many of the popular myths surrounding informal economic activities, and offers a radical reassesment of their extent, growth, location and nature.The book uses case studies from the UK, France, Italy, the Netherlands, the US and Canada to challenge:* the popular belief that informal employment is growing throughout the advanced economies* the myth that this work is undertaken mostly by marginalized groups* the dominant view that we should replace informal with formal employment through enforcement of regulations.Examining policy options and their consequences, the authors show that conventional approaches only increase inequalities and that a radical alternative solution is essential.

Re-Placing Informal Employment challenges many of the popular myths surrounding informal economic activities, and offers a radical reassesment of their extent, growth, location and nature.The book uses case studies from the UK, France, Italy, the Netherlands, the US and Canada to challenge:* the popular belief that informal employment is growing throughout the advanced economies* the myth that this work is undertaken mostly by marginalized groups* the dominant view that we should replace informal with formal employment through enforcement of regulations.Examining policy options and their consequences, the authors show that conventional approaches only increase inequalities and that a radical alternative solution is essential.

What is poverty and how can it be tackled? Taking the Third Way out of its narrow party political context, this book argues that it is necessary to harness work beyond employment in order to pave a Third Way beyond capitalism and socialism. The outcome is a thought-provoking new approach towards combating poverty.Poverty and the Third Way uncovers how New Labour's employment-focussed approach causes, rather than resolves, poverty. Searching for another approach, the authors find the seeds of an alternative 'Third Way' in radical European social democratic and ecological thought which seeks to transcend capitalism and socialism by developing work beyond employment. Exploring the reasons why such an approach is needed and how it can be implemented, the authors transcend the 'there is no alternative' to capitalism school of thought dominant in many advanced economies by providing a clearly marked route map of the way towards a post-capitalist economy.

Based on extensive ethnographic and quantitative research, conducted in Ukraine and Russia between 2004 and 2012, this book’s central argument is that for many people the informal economy, such as cash in hand work, subsistence production and the use of social networks, is of great importance to everyday life. Formal work is both a facilitator of such processes and is often supported by them, as people can only afford to undertake low paid formal work as a result of their informal incomes. By looking at the informal nature of formal work and practices, informal practices, gift giving, volunteer work and the economies of the household the book is one of the first to give an overview of the nature of the informal economy in all spheres of everyday practice.

Almost everyone residing in a developed nation knows someone who has engaged in paid work that is licit but not reported to the government (e.g., babysitting, gardening, construction, financial consulting). But while most acknowledge that such work is helpful to the individuals involved, and that informal work may enhance a sense of community, most scholars view it as a pre-modern form of exchange and something that disappears as capitalist markets expand globally. Both mainstream and heterodox economics typically assume that there is an inevitable shift towards the formalization of goods and services provisioning as societies become more "advanced" or "developed" (the "formalization thesis"). In these views, the existence of informal activities is a manifestation of backwardness and it is assumed that they will disappear as an economy becomes more "modern." This book challenges these conventional theses about the linear trajectory of informal work and economic development by arguing that informal work is not trivial for understanding modern capitalist economies, and that both mainstream and heterodox theories about the economy must be altered to address the role of informal work in relatively developed economies. This edited collection focuses on informal work in various developed nations, including Canada, the United States, and several in Europe. It will therefore be of interest to policymakers, as well as students and researchers in development studies, social policy, sociology, anthropology, public health, geography, economics and planning.Enrico Marcelli is Assistant Professor of Sociology at San Diego State University, USA. Colin C. Williams is Professor of Public Policy at the University of Sheffield, UK. Pascale Joassart is Assistant Professor of Geography at San Diego State University, USA.

Governments in Western Europe and North America have placed job creation initiatives at the heart of their policy for revitalizing deprived neighbourhoods. However, relying on this alone is problematic and these governments are becoming increasingly interested in finding ways of enabling communities to help themselves. Drawing upon original, in-depth studies of self-help activities in both deprived and affluent neighbourhoods in UK cities, this book examines why the populations of deprived neighbourhoods are more likely to be excluded not only from the labour market but also from adopting self-help practices in response to their situation. It also identifies the barriers which discourage participation in self-help projects. A combination of policies are advocated, bringing together innovative bottom-up initiatives such as LETS, time currencies and Employee Mutuals, with top-down policies such as Active Citizens’ Credits. This book instead suggests a fresh and positive approach towards revitalizing deprived neighbourhoods based on seeking the full-engagement, rather than merely the full-employment, of deprived populations.

`A hopeful but nonetheless hard-hitting analysis of alternative economic spaces proliferating in the belly of the capitalist beast. In this book Leyshon, Lee and Williams convene fascinating studies of exchange, enterprise, credit and community. They invite us onto a new and promising discursive terrain where we can analyze, criticize and above all recognize actually existing economies of diversity in the wealthy countries of the West' - J K Gibson-Graham, Australian National University and University of Massachusetts, Amherst

In the context of problems in the `new economy' - from dot.com start-ups, high-technology, and telecoms - Alternative Economic Spaces presents a critical evaluation of alternatives to the global economic mainstream. It focuses on the emergence of alternative economic geographies within developed economies and analyzes the emergence of alternative economic practices within industrialized countries. These include the creation of institutions like Local Exchange and Trading Systems, Credit Unions, and other social economy initiatives; and the development of alternative practices from informal work to the invention of consumption sites that act as alternatives to the monoply of the `big-box', multi-chain retail outlets.

Alternative Economic Spaces is a reconsideration of what is meant by the `economic' in economic geography; its objective is to bring together some of the ways in which this is being undertaken. The volume shows how the `economic' is being rethought in economic geography by detailing new economic geographies as they are emerging in practice.

`A hopeful but nonetheless hard-hitting analysis of alternative economic spaces proliferating in the belly of the capitalist beast. In this book Leyshon, Lee and Williams convene fascinating studies of exchange, enterprise, credit and community. They invite us onto a new and promising discursive terrain where we can analyze, criticize and above all recognize actually existing economies of diversity in the wealthy countries of the West' - J K Gibson-Graham, Australian National University and University of Massachusetts, Amherst

In the context of problems in the `new economy' - from dot.com start-ups, high-technology, and telecoms - Alternative Economic Spaces presents a critical evaluation of alternatives to the global economic mainstream. It focuses on the emergence of alternative economic geographies within developed economies and analyzes the emergence of alternative economic practices within industrialized countries. These include the creation of institutions like Local Exchange and Trading Systems, Credit Unions, and other social economy initiatives; and the development of alternative practices from informal work to the invention of consumption sites that act as alternatives to the monoply of the `big-box', multi-chain retail outlets.

Alternative Economic Spaces is a reconsideration of what is meant by the `economic' in economic geography; its objective is to bring together some of the ways in which this is being undertaken. The volume shows how the `economic' is being rethought in economic geography by detailing new economic geographies as they are emerging in practice.

This Modern Guide presents a comprehensive synthesis of contemporary thought on the informal economy, which, as the author demonstrates – far from being a peripheral feature of the global economy – is a system in which the majority of the global workforce are employed and which has pervasive detrimental effects. Formalising it is therefore a priority for most governments. Employing theoretical and empirical methodologies, Colin C. Williams explores the latest research on methods of understanding and measuring the informal economy in its various forms, and discusses the rationale behind its participants. Its rigorous discussion of the need to shift away from solely using tools that punish the practice and towards aligning social norms with the regulations of formal institutions is complemented by a rich analysis of how jobs and enterprises across the world can be encouraged to make the transition towards formalism. Incentives, education and reform are among the strategies advocated in this Modern Guide’s compelling and lucid roadmap for the transition to formality.An invaluable resource for policymakers involved in tax, social security and labour policies, belonging to both governments and supra-national institutions, the book will also be valuable for academics and researchers in sociology, economics and business studies, especially those with an interest in taxation, industrial relations, entrepreneurship and labour economics.

Governments in Western Europe and North America have placed job creation initiatives at the heart of their policy for revitalizing deprived neighbourhoods. However, relying on this alone is problematic and these governments are becoming increasingly interested in finding ways of enabling communities to help themselves. Drawing upon original, in-depth studies of self-help activities in both deprived and affluent neighbourhoods in UK cities, this book examines why the populations of deprived neighbourhoods are more likely to be excluded not only from the labour market but also from adopting self-help practices in response to their situation. It also identifies the barriers which discourage participation in self-help projects. A combination of policies are advocated, bringing together innovative bottom-up initiatives such as LETS, time currencies and Employee Mutuals, with top-down policies such as Active Citizens’ Credits. This book instead suggests a fresh and positive approach towards revitalizing deprived neighbourhoods based on seeking the full-engagement, rather than merely the full-employment, of deprived populations.

Almost everyone residing in a developed nation knows someone who has engaged in paid work that is licit but not reported to the government (e.g., babysitting, gardening, construction, financial consulting). But while most acknowledge that such work is helpful to the individuals involved, and that informal work may enhance a sense of community, most scholars view it as a pre-modern form of exchange and something that disappears as capitalist markets expand globally. Both mainstream and heterodox economics typically assume that there is an inevitable shift towards the formalization of goods and services provisioning as societies become more "advanced" or "developed" (the "formalization thesis"). In these views, the existence of informal activities is a manifestation of backwardness and it is assumed that they will disappear as an economy becomes more "modern." This book challenges these conventional theses about the linear trajectory of informal work and economic development by arguing that informal work is not trivial for understanding modern capitalist economies, and that both mainstream and heterodox theories about the economy must be altered to address the role of informal work in relatively developed economies. This edited collection focuses on informal work in various developed nations, including Canada, the United States, and several in Europe. It will therefore be of interest to policymakers, as well as students and researchers in development studies, social policy, sociology, anthropology, public health, geography, economics and planning.Enrico Marcelli is Assistant Professor of Sociology at San Diego State University, USA. Colin C. Williams is Professor of Public Policy at the University of Sheffield, UK. Pascale Joassart is Assistant Professor of Geography at San Diego State University, USA.

The Routledge Handbook of Entrepreneurship in Developing Economies is a landmark volume that offers a uniquely comprehensive overview of entrepreneurship in developing countries. Addressing the multi-faceted nature of entrepreneurship, chapters explore a vast range of subject areas including education, economic policy, gender and the prevalence and nature of informal sector entrepreneurship.In order to understand the process of new venture creation in developing economies, what it means to be engaged in entrepreneurship in a developing world context must be addressed. This handbook does so by exploring the difficulties, risks and rewards associated with being an entrepreneur, and evaluates the impacts of the environment, relationships, performance and policy dynamics on small and entrepreneurial firms in developing economies. The handbook brings together a unique collection of over forty international researchers who are all actively engaged in studying entrepreneurship in a developing world context. The chapters offer concise but detailed perspectives and explanations on key aspects of the subject across a diverse array of developing economies, spanning Africa, Asia, Latin America and Eastern Europe. In doing so, the chapters highlight the heterogeneity of entrepreneurship in developed economies, and contribute to the on-going policy discourses for managing and promoting entrepreneurial growth in the developing world. The book will be of great interest to scholars, students and policymakers in the areas of development economics, business and management, public policy and development studies.

What is poverty and how can it be tackled? Taking the Third Way out of its narrow party political context, this book argues that it is necessary to harness work beyond employment in order to pave a Third Way beyond capitalism and socialism. The outcome is a thought-provoking new approach towards combating poverty.Poverty and the Third Way uncovers how New Labour's employment-focussed approach causes, rather than resolves, poverty. Searching for another approach, the authors find the seeds of an alternative 'Third Way' in radical European social democratic and ecological thought which seeks to transcend capitalism and socialism by developing work beyond employment. Exploring the reasons why such an approach is needed and how it can be implemented, the authors transcend the 'there is no alternative' to capitalism school of thought dominant in many advanced economies by providing a clearly marked route map of the way towards a post-capitalist economy.

Based on extensive ethnographic and quantitative research, conducted in Ukraine and Russia between 2004 and 2012, this book’s central argument is that for many people the informal economy, such as cash in hand work, subsistence production and the use of social networks, is of great importance to everyday life. Formal work is both a facilitator of such processes and is often supported by them, as people can only afford to undertake low paid formal work as a result of their informal incomes. By looking at the informal nature of formal work and practices, informal practices, gift giving, volunteer work and the economies of the household the book is one of the first to give an overview of the nature of the informal economy in all spheres of everyday practice.

How will work be organised in the future? With its global perspective and critical approach, Re-Thinking the Future of Work provides not only an overview and examination of the array of competing visions, but also a radical rethink about the direction of change.

This authoritative monograph explores the effectiveness and transferability of the rapidly expanding range of policy approaches and measures available as weaponry in the fight against the shadow economy.Beginning with a review of the extent of undeclared work, the author discusses the discrepancies between regions and the potential impacts of the economic crisis, comparing the nature of the potential solutions available with those actually adopted. The way forward, the book concludes, is to move away from increasing the costs of engaging in hidden work using repressive measures, and concentrate more on developing initiatives that enhance the benefits of engaging in declared work and increase the likelihood of compliance by engendering a commitment to tax morality.This insightful and unique exposition will have considerable appeal to academics, practitioners and policy-makers across the globe involved in the fight against undeclared work.

This book brings together two leading researchers in the field to provide a comprehensive overview of the shadow economy from a global perspective. Reviewing the advantages and disadvantages of different ways of measuring the informal sector, the authors evaluate its size and key determinants across the world. Williams and Schneider clearly establish the persistence and prevalence of the shadow economy, analysing the narrowness of existing policy approaches and explaining how these fail to address the key factors for its existence and may even exacerbate the problem.Proposing an alternative way forward, the authors argue that little headway will ever be made in reducing the shadow economy until there are changes not only to the character of formal institutions but also informal institutions (the values, beliefs and norms of citizens) through the introduction of macro-level structural changes.This timely, cutting-edge review of the global shadow economy and how it can be measured and tackled is an invaluable resource for postgraduate students, researchers and policy-makers, particularly those with a interest in tax evasion and informal labour.

The shadow economy has become the focus of policy makers around the world. This timely book explores the relationship between entrepreneurship and the shadow economy, by reviewing how to measure, explain and tackle this hidden enterprise culture. The editors bring together leading authorities in the field to examine existing methods to measure shadow economy, explore entrepreneurship and shadow economy practices in various contexts, and provide policy suggestions for decreasing the shadow economy. It concludes by encouraging further research in this ever-growing field. Students and scholars in the field of entrepreneurship and the shadow economy will find this book to be of use to their work. It will also be of use to those in disciplines, such as sociology, economics and global studies, as well as practitioners in the field of public policy.Contributors: Y. Abdih, J.E. Amoros, A. Chepurenko, J.P. Couyoumdjian, O. Cristi, E. Denisova-Schmidt, I.A Horodnic, L. Medina, M. Minniti, Y. Prytula, T.J. Putnins, A. Sauka, F. Schneider, M. Virtanen, C.C. Williams, J. Windebank

Dependent self-employment is widely perceived as a rapidly growing form of precarious work conducted by marginalised lower-skilled workers subcontracted by large corporations. Unpacking a comprehensive survey of 35 European countries, Colin C. Williams and Ioana Alexandra Horodnic map the lived realities of the distribution and characteristics of dependent self-employment to challenge this broad and erroneous perception.Featuring rigorous empirical research, Dependent Self-Employment moves beyond the reliance on anecdotal evidence to fill in gaping lacunae in our understanding of employment. Reporting on the European Working Conditions Survey of 2015, this impressive book provides a crucial contribution to our understanding of dependent self-employment in the 21st century, challenging not only academic perceptions, but also depictions of work in the media and political discourse. The authors expertly navigate the 'grey zone' of defining dependent self-employment, embracing the spectrum of employment relationships and outlining the limits to the rights and authority of the dependently self-employed.Bold and comprehensive, this timely book offers critical insight for researchers at all levels exploring the nature and distribution of employment in Europe. Given the current public debates on the platform economy, this book will also prove useful for practitioners and policy-makers in labour inspectorates, tax administrations and social security institutions worldwide.

This Modern Guide presents a comprehensive synthesis of contemporary thought on the informal economy, which, as the author demonstrates – far from being a peripheral feature of the global economy – is a system in which the majority of the global workforce are employed and which has pervasive detrimental effects. Formalising it is therefore a priority for most governments. Employing theoretical and empirical methodologies, Colin C. Williams explores the latest research on methods of understanding and measuring the informal economy in its various forms, and discusses the rationale behind its participants. Its rigorous discussion of the need to shift away from solely using tools that punish the practice and towards aligning social norms with the regulations of formal institutions is complemented by a rich analysis of how jobs and enterprises across the world can be encouraged to make the transition towards formalism. Incentives, education and reform are among the strategies advocated in this Modern Guide’s compelling and lucid roadmap for the transition to formality.An invaluable resource for policymakers involved in tax, social security and labour policies, belonging to both governments and supra-national institutions, the book will also be valuable for academics and researchers in sociology, economics and business studies, especially those with an interest in taxation, industrial relations, entrepreneurship and labour economics.

A Commodified World critiques the notion that in Late Capitalism all economic relations become always ever more commodified, while ‘non-capitalist‘ activities disappear. It demonstrates that a combination of new 'cultures of resistance' all constrain this tendency or even threaten to reverse it. Colin Williams finds that, even in the advanced economies, a non-commodified realm persists that is as large as the commodified sphere and growing relative to it. He draws on extensive empirical evidence of trends and new patterns of economic activity – including changes in women's participation, differences between wealthy and poor urban areas, and between urban and rural sectors. He explores non-commodified practices of resistance. And he concludes that governments and communities, by de-coupling production and consumption from the commodified realm, could open up alternative development paths.

Portraying how entrepreneurs often start out conducting some or all of their trade on an 'off-the-books' basis and how many continue to do so once they become established, this book provides the first detailed account of the vast and ubiquitous hidden enterprise culture existing in the interstices of western economies. Until now, the role of the underground economy in enterprise creation, entrepreneurship and small business development has been largely ignored despite its widespread prevalence and importance. In contrast to much of the previous literature that views the underground economy as low-paid, exploitative sweatshop work that should be deterred, this book takes a fresh, more positive perspective that considers the underground economy as a hidden enterprise culture. Colin C. Williams prescribes the means by which western governments can best harness this hidden culture of enterprise. He outlines detailed policy initiatives that seek to assist business ventures in setting up on a formal footing, and aim to encourage underground enterprises and entrepreneurs to make the transition into the realm of legitimacy.This book provides a lucid guide as to how the hidden culture of enterprise can be brought into the open. As such, it will prove invaluable to a wide-ranging audience including scholars and students of business studies, entrepreneurship, management, economics and regional science.

Portraying how entrepreneurs often start out conducting some or all of their trade on an 'off-the-books' basis and how many continue to do so once they become established, this book provides the first detailed account of the vast and ubiquitous hidden enterprise culture existing in the interstices of western economies. Until now, the role of the underground economy in enterprise creation, entrepreneurship and small business development has been largely ignored despite its widespread prevalence and importance. In contrast to much of the previous literature that views the underground economy as low-paid, exploitative sweatshop work that should be deterred, this book takes a fresh, more positive perspective that considers the underground economy as a hidden enterprise culture. Colin C. Williams prescribes the means by which western governments can best harness this hidden culture of enterprise. He outlines detailed policy initiatives that seek to assist business ventures in setting up on a formal footing, and aim to encourage underground enterprises and entrepreneurs to make the transition into the realm of legitimacy.This book provides a lucid guide as to how the hidden culture of enterprise can be brought into the open. As such, it will prove invaluable to a wide-ranging audience including scholars and students of business studies, entrepreneurship, management, economics and regional science.

The “informal” economy – economic activity and income outside government regulation, taxation and observation – is, by its very nature, difficult to quantify. Recent estimates suggest it accounts, in OECD countries, for around 13% of national income (in the UK, the equivalent of £150 billion) and in developing nations it can make up as much as three-quarters of all non-agricultural employment. Whatever the exact figures, it is clear that the informal economy plays a significant role in national incomes (eventhough excluded from calculations of GDP or GNP) and affects a large share of the global workforce.Colin C. Williams provides an authoritative introduction to the topic, explaining what the informal economy is (and what it isn’t) and how it can best be measured. Taking a global perspective, he examines its characteristics in developed, developing and transitional economies, and looks at its role as a driver of economic growth. The theoretical underpinnings are explored, from conceptual origins in the development models of the 1950s, through to present-day discussions, which question whether a formalised economy is always the ideal.The book considers the economic motivations of the informal economy workforce, which may include tax evasion, circumventing regulations and maintaining state benefits, and assesses the different policy options available to governments to combat them, whether a punitive policy of deterrence, or one of accommodation that recognises the value of the sector in generating income and in meeting the needs of poor consumers.The book provides a masterly summation of the published research on the informal economy and an expert assessment of the key areas for research going forward. It will be welcomed by students taking courses in development economics, economic growth, labour economics, welfare economics and public policy.

The “informal” economy – economic activity and income outside government regulation, taxation and observation – is, by its very nature, difficult to quantify. Recent estimates suggest it accounts, in OECD countries, for around 13% of national income (in the UK, the equivalent of £150 billion) and in developing nations it can make up as much as three-quarters of all non-agricultural employment. Whatever the exact figures, it is clear that the informal economy plays a significant role in national incomes (eventhough excluded from calculations of GDP or GNP) and affects a large share of the global workforce.Colin C. Williams provides an authoritative introduction to the topic, explaining what the informal economy is (and what it isn’t) and how it can best be measured. Taking a global perspective, he examines its characteristics in developed, developing and transitional economies, and looks at its role as a driver of economic growth. The theoretical underpinnings are explored, from conceptual origins in the development models of the 1950s, through to present-day discussions, which question whether a formalised economy is always the ideal.The book considers the economic motivations of the informal economy workforce, which may include tax evasion, circumventing regulations and maintaining state benefits, and assesses the different policy options available to governments to combat them, whether a punitive policy of deterrence, or one of accommodation that recognises the value of the sector in generating income and in meeting the needs of poor consumers.The book provides a masterly summation of the published research on the informal economy and an expert assessment of the key areas for research going forward. It will be welcomed by students taking courses in development economics, economic growth, labour economics, welfare economics and public policy.