Things like bartering, getting paid under the table, or mowing a neighbor’s lawn in exchange for fresh produce are just a few examples of what kinds of transactions can take place in the informal ...

For example, labor in mining sites in resource-rich countries is highly precarious. ... Another case of labor at the outskirts of the formal market economy sustaining global supply of minerals.

In Peru, for example, foreign trade has become one of the main engines of economic growth, development and poverty reduction. Last year, we registered a new record in our exports, with more than ...

Extending formal benefits and protections to the informal sector can unlock their full potential, leading to heightened productivity, economic growth, and a more inclusive economy.

The informal sector in the Philippines, often overshadowed by the formal economy, is a vital force driving the country’s growth and resilience. Philstar.com HOME ...

The risks of bringing informal businesses into formal economy. The Prabowo administration's bold plan to tax the underground economy could backfire, exacerbating already existing challenges like ...

The size of the country’s formal economy, as per official statistics, was $340 billion in 2023. This translates into almost 64% less than the size of the informal economy of Pakistan.