Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    The Long Shadow of Informality: Challenges and Policies
    The Long Shadow of Informality: Challenges and Policies
    The Long Shadow of Informality: Challenges and Policies
    Ebook275 pages8 hours

    The Long Shadow of Informality: Challenges and Policies

    By Franziska Ohnsorge and Shu Yu

    ()

    Read preview

    About this ebook

    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.
    LanguageEnglish
    PublisherWorld Bank Publications
    Release dateFeb 9, 2022
    ISBN9781464817540
    The Long Shadow of Informality: Challenges and Policies

    Read more from Franziska Ohnsorge

    Related to The Long Shadow of Informality

    Related ebooks

    Business Development For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Toward A New Stage

      Nov 4, 2021

      On September 21, during the general debate of the 76th Session of the UN General Assembly, Chinese President Xi Jinping proposed to all member states the building of a global community of development with a shared future. This initiative comes at a t

      3 min read

    • Article

      Solutions and Ambitions

      Apr 1, 2021

      An extraordinary year has passed, in which COVID-19 swept the world, global political and economic uncertainty abounded, and people from all walks of life faced challenges unseen in generations. Participants at this year’s China Development Forum, an

      4 min read

    • Article

      Recovering Better, Rising Stronger

      Oct 15, 2020

      Editor’s Note: Given the sheer magnitude of the UN’s mission, it is a tall order to present a panoramic review of the world body’s journey over the past 75 years. In this issue, we therefore focus on a few aspects of the UN’s work through the eyes of

      5 min read

    • Article

      Social Science Degrees Are Undervalued

      Jul 5, 2023

      FOR generations, Indian South Africans have placed greater importance on graduates who complete degrees in medicine, law, accounting and the so-called pure sciences than the youth who complete social sciences qualifications. I have often wondered if

      3 min read

    • Article

      A Critical Player In Tackling Contemporary Global Challenges

      Apr 3, 2023

      March 1 marked the beginning of my term as Rector of the United Nations University (UNU). Along with my initial excitement and ambition is the recognition that I am starting my Rectorship in an era defined by our shared efforts to address immense cha

      3 min read

    • Article

      Questions for Jackie Vanderbrug, Co-chair, Impact Investing Council, Bank of America

      Sep 1, 2017

      How do you define ‘Womenomics’? We think of it as a lens on how the growing economic power of women is fundamentally changing our world. The metrics of Womenomics range from the growing number of female entrepreneurs to women’s growing purchasing pow

      6 min read

    • Article

      SA Needs Comprehensive Psychosocial Support Services

      Oct 14, 2023

      Mental health has become an important aspect of understanding individuality, self-care and self-awareness. The second Annual Mental State of the World Report (2021) published in March last year ranks South Africa as one of the worst countries when it

      3 min read

    • Article

      SA Needs Comprehensive Psychosocial Support Services

      Oct 14, 2023

      Mental health has become an important aspect of understanding individuality, self-care and self-awareness. The second Annual Mental State of the World Report (2021) published in March last year ranks South Africa as one of the worst countries when it

      3 min read

    • Article

      SA Needs Comprehensive Psychosocial Support Services

      Oct 14, 2023

      Mental health has become an important aspect of understanding individuality, self-care and self-awareness. The second Annual Mental State of the World Report (2021) published in March last year ranks South Africa as one of the worst countries when it

      3 min read

    • Article

      Sustained Crisis Can Only Be Overcome By Sustained Action

      Jul 28, 2023

      'Sustained crisis’. I came across this terminology in a Harvard Business Review article recently, and it immediately struck a chord with my struggles running my company and also with what I see in the world around me. The Covid-19 pandemic was a glob

      2 min read

    • Article

      China's Moralising Of Public Policy Risks Eroding Gains In Human Welfare

      Aug 30, 2023

      The Chinese government's reaction to the country's persistent youth unemployment highlights a worrying tendency to apply simplistic, moralistic reasoning to complex problems. Editorials in state media encourage young people to "embrace struggle" and

      5 min read

    • Article

      Financial Advice In The Future

      May 15, 2020

      south Africa is a country of diversity – this is obviously true across many dimensions, but it is the skewed distribution of employment and wealth present in our country and its implications for the financial advice sector that is particularly import

      5 min read

    • Article

      What It Takes

      Apr 25, 2019

      What It Takes
      1 min read

    • Article

      Resilience And South-south Co-operation Needed

      May 8, 2021

      THE Covid-19 crisis has wreaked havoc across the world and changed our understanding of the relationship between health and governance in many ways. With the virus having affected more than 150 million people all over the world in a period of 12 mont

      3 min read

    • Article

      Resilience And South-south Co-operation Needed

      May 8, 2021

      THE Covid-19 crisis has wreaked havoc across the world and changed our understanding of the relationship between health and governance in many ways. With the virus having affected more than 150 million people all over the world in a period of 12 mont

      3 min read

    • Article

      Hong Kong's Economy Needs Reinvention To Become More Than Just China's Superconnector After A Lost Half Decade

      Feb 18, 2024

      The Hong Kong economy has had a lost half decade. It shrank in two of the last five years; 3.2 per cent GDP growth last year did not make up for the 3.5 per cent contraction in 2022. Growth in the coming years may continue to be sluggish as the mainl

      6 min read

    • Article

      Resilience And South-south Co-operation Needed

      May 8, 2021

      THE Covid-19 crisis has wreaked havoc across the world and changed our understanding of the relationship between health and governance in many ways. With the virus having affected more than 150 million people all over the world in a period of 12 mont

      3 min read

    • Article

      Resilience And South-south Co-operation Needed

      May 8, 2021

      THE Covid-19 crisis has wreaked havoc across the world and changed our understanding of the relationship between health and governance in many ways. With the virus having affected more than 150 million people all over the world in a period of 12 mont

      3 min read

    • Article

      Where Is ‘Security?’

      Feb 29, 2024

      ‘Why are governments around the world increasingly concerned about relative gains and losses? How can world leaders promote an open and rules-based international order that better delivers on its promised mutual benefits—and thus grows the proverbial

      4 min read

    Related categories

    Reviews for The Long Shadow of Informality

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      The Long Shadow of Informality - Franziska Ohnsorge

      Enjoying the preview?
      Page 1 of 1