• Andrei Shleifer


Informality and Development. Andrei Shleifer, Summer 2014, Paper. "In developing countries, informal firms account for up to half of economic activity. They provide livelihood for billions of people. Yet their role in economic development remains controversial. Some, like Hernando De Soto (1989, 2000), see informal firms as an untapped reservoir of entrepreneurial energy, held back by government regulations. In this view, unleashing this energy by reducing entry regulations or improving property rights would fuel growth and development..." May require purchase or user account. Link Verified October 18, 2014