What is it about?
Given the commonality of employment in the informal economy, this paper moves beyond classifying economies by the composition of their formal economies and instead classifies economies by their degree of informalisation.
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Why is it important?
Analysing International Labour Organisation data on the varying level of employment in the informal economy across 16 Latin American economies, the outcome is to reveal a significant correlation between cross-national variations in the degree of informalisation and cross-national variations in GNP per capita, poverty and social contribution levels.
Perspectives
This paper provides a new way of classifying economies in Latin America by their degree of informalisation
Professor Colin C Williams
University of Sheffield
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This page is a summary of: Classifying Latin American Economies: A Degree of Informalisation Approach, International Journal of Business Administration, April 2014, Sciedu Press,
DOI: 10.5430/ijba.v5n3p73.
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