Beyond the Myth: Policy Issues Concerning the Informal Sector

The informal sector forms a large part of the economies of many developing and transition countries. Though the concept of informal sector was officially coined in 1972, the evolution of this dualistic formal-informal concept dates back to the early twentieth century. Despite this pedigree, the usefulness of the formal-informal dichotomy has constantly been debated in the literature. Within the scope of this book, I examine various policy aspects concerning the informal sector.