Buy custom Impact Of The Informal Economy On Development
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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1384 |
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The two authors carried out a research on the unofficial economy and economic development using data from World Bank firm level surveys. According to their findings the tentative picture that emerges is inconsistent with the romantic view. It shows that unregistered firms have been around for a long time (7 to 10 years), but their sales are still trivially small...
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According to their findings the tentative picture that emerges is inconsistent with the romantic view. It shows that unregistered firms have been around for a long time (7 to 10 years), but their sales are still trivially small. Moreover, few registered firms started out unregistered. The small size of unregistered firms is symptomatic of uneducated management and low?quality assets...
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