whythawk ratings: measuring effective development

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By: Ivo Vegter on 11 August 2007

You make a good point about the informal sector. It's surprising, actually, that governments are not at all shy to draw attention to it, as if somehow it's the formal sector's fault. Thabo Mbeki, in South Africa, happily speaks about the "first" and "second" economy, and the need to address the concerns of both. The only concern the latter has is that formal channels - provided by the state in the form of company registration, tax regulations and a legal system - are not suited to their needs. They're too expensive to bother with. If the government wants to address the concerns of the informal economy, it should reduce the regulatory burden, instead of trying to extend it forcibly to the most successful of the informal-sector businesses.

 

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