aloft: the whythawk blog Did you know that emerging markets are lucrative investments?
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By: Cho on 22 July 2007
However, I question your conclusion that "No government should ever get rid of its informal economy, even if it were possible.It is a wonderful tool for understanding the true desires of the people living within that state."
I think there are significant benefits for moving towards greater formality - formal firms are more productive than informal firms and formality brings revenue to Government. There's a huge literature on this.
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