Globalization and the informal economy in developing countries
It has been documented that developing countries are plagued by sizable informal sectors. There are a lot of studies addressing either the informal economies or globalization. However, the literature on whether and how globalization affects the informal sector is somewhat lacking. Several theories are formulated, but empirical studies do not all agree on what facets of globalization affect informality and how. Part of the problem is data deficiency and somewhat lacking synchronization of the existing informal sector data. There are some recent developments in this area that have furthered the subject. The goal of this chapter is to offer an extensive overview on the topic of globalization and informality.
Petrova, K. (2019)., Globalization and the informal economy in developing countries, in N. Faghih (ed.), Globalization and development, Dordrecht, Springer, pp. 49-73.
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