PRO AND AGAINST INFORMAL ECONOMY

Lavinia Stan () and Florica Stefanescu ()
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Lavinia Stan: Doctoral School of Economics, Faculty of Economic Sciences, University of Oradea, Oradea, Romania
Florica Stefanescu: Doctoral School of Economics, Faculty of Economic Sciences, University of Oradea, Oradea, Romania

Oradea Journal of Business and Economics, 2018, vol. 3, issue 2, 78-85

Abstract: The informal economy is a reality that influences the lives of people directly at the planetary level.The term "informal economy" is used to include all workers and businesses in rural or urban areas working in the informal environment. It is emphasized that informal employees are not able to be recognized and defended by the legal regulations in force.The global changes in the field of information and communication technologies have generated increased labor market competitiveness. Under these circumstances, there has been a more flexible relationship between employees and employers. The main purpose of the article is to examine the pros and cons of the informal economy. Knowing these arguments can be a source of effective measures aimed at counteracting the negative effects that such activities may have.Simultaneously encompasses a theoretical approach to the informal economy, describing areas where it is highlighted, the factors that generate it, its dimensions, the theories put forward by the various economically-specific schools describing this concept, research methods.

Keywords: informal economy; informal workers; informal enterpises; formal economy. (search for similar items in EconPapers)
JEL-codes: J46 J80 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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