What is it about?

This paper introduces this special issue by providing an overview of the various policy options and approaches available for tackling enterprise in the informal economy. It firstly reviews four possible hypothetical policy options, namely doing nothing, eradicating informal sector enterprise, moving formal enterprises into the informal economy, or formalising enterprise in the informal economy.

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Why is it important?

Displaying that formalising informal sector enterprise is the most viable and most commonly adopted approach, it then reviews the two approaches of using either direct controls, which increase the costs of operating informally and/or the benefits of operating formally, or indirect controls that seek greater self-regulation. Following this, the ways in which these approaches can be combined is then reviewed. The outcome is a comprehensive introductory overview and conceptual framework for contextualising enterprise in the informal economy

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Provides an overview of entrepreneurship in the informal economy

Professor Colin C Williams
University of Sheffield

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This page is a summary of: Tackling enterprise in the informal economy: an introductory overview, International Journal of Entrepreneurship and Small Business, January 2016, Inderscience Publishers, DOI: 10.1504/ijesb.2016.076637.
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