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Informal Work in Developed Nations

Informal Work in Developed Nations

Hardcover

Series: Routledge Advances in Heterodox Economics, Book 7

EconomicsLaborGeneral Political Science

ISBN10: 0415777798
ISBN13: 9780415777797
Publisher: Routledge
Published: Jul 7 2009
Pages: 256
Weight: 1.15
Height: 0.80 Width: 6.30 Depth: 9.30
Language: English

Almost everyone residing in a developed nation knows someone who has engaged in paid work that is licit but not reported to the government (e.g., babysitting, gardening, construction, financial consulting). But while most acknowledge that such work is helpful to the individuals involved, and that informal work may enhance a sense of community, most scholars view it as a pre-modern form of exchange and something that disappears as capitalist markets expand globally. Both mainstream and heterodox economics typically assume that there is an inevitable shift towards the formalization of goods and services provisioning as societies become more advanced or developed (the formalization thesis). In these views, the existence of informal activities is a manifestation of backwardness and it is assumed that they will disappear as an economy becomes more modern.

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