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The Social Impact of Informal Economies in Eastern Europe

The Social Impact of Informal Economies in Eastern Europe
Author: Manuela Stanculescu
Publisher: Routledge
Total Pages: 319
Release: 2018-05-08
Genre: Business & Economics
ISBN: 1351763989

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This title was first published in 2002. In State socialist societies, informal economies were essential for the functioning of the economy as well as for household provision. Since the beginning of social transformation they have been flourishing better than ever before. They are a main outlet on the market for the newly emerging middle classes, stabilize the situation of many workers and pensioners, and in countries on the downward slope they are essential for the survival of large impoverished groups. Presenting recent research on the social importance of informal economies, especially in Bulgaria, Hungary, Romania and Russia, the editors give a short introduction for each country, and a common compilation of basic economic and social data follows in the appendix. Household strategies in the ’shadow’, groups of informal winners and losers, informal employment in town and countryside, outcomes from informal activities, the macro-economic importance of informal economies, and researching methods are all investigated.


The Long Shadow of Informality

The Long Shadow of Informality
Author: Franziska Ohnsorge
Publisher: World Bank Publications
Total Pages: 397
Release: 2022-02-09
Genre: Business & Economics
ISBN: 1464817545

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A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.


Informal Economies in Post-Socialist Spaces

Informal Economies in Post-Socialist Spaces
Author: J. Morris
Publisher: Springer
Total Pages: 302
Release: 2015-06-23
Genre: Social Science
ISBN: 1137483075

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Informed by in-depth case studies focusing on a wide spectrum of micro and macro post-socialist realities, this book demonstrates the multi-faceted nature of informality and suggests that it is a widely diffused phenomenon, used at all levels of a society and by both winners and losers of post-socialist transition.


The Informal Post-Socialist Economy

The Informal Post-Socialist Economy
Author: Jeremy Morris
Publisher: Routledge
Total Pages: 209
Release: 2013-12-13
Genre: Social Science
ISBN: 1135009295

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From smugglers to entrepreneurs, blue-collar workers and taxi drivers, this book deals with the multitude of characters engaged in informal economic practices in the former socialist regions. Going beyond a conception of informality as opposed to the formal sector, its authors demonstrate the fluid nature of informal transactions straddling the crossroads between illegal, illicit, socially acceptable and symbolically meaningful practices. Their argument is informed by a wide range of case studies, from Central Europe to the Baltics and Central Asia, each of which is constructed around a single informant. Each chapter narrates the story of a composite person or household that was carefully selected or constructed by an author with long-standing ethnographic research experience in the given field site. Wide in geographical, empirical and theoretical scope, the book uses ethnographic narrative accounts of everyday life to make links between ‘ordinary’ meanings of informality. Challenging reductively economistic perspectives on cross-border trading, undeclared work and other informal activities, the authors illustrate the wide variety of interpretive meanings that people ascribe to such practices. Alongside ‘getting by’ and ‘getting ahead’ in recently marketised societies, these meanings relate to sociality, kinship-ties and solidarity, along with more surprising ‘political’ and moral reasonings.


Informal Economies and Social Transformation in Romania

Informal Economies and Social Transformation in Romania
Author: Rainer Neef
Publisher: LIT Verlag Münster
Total Pages: 248
Release: 2004
Genre: Business & Economics
ISBN: 9783825882969

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Informal economies, growing throughout the 1990s, make a central determinant of social transformation in Eastern Europe. In this book, the various patterns of informal economies and the causes of its growth in Romania are explored from quantitative and qualitative research: the difficult social transformation; informal consumption and labour of households, their incomes, developments and strategies; the impact of informalisation in different branches, related to the Romanian economy as a whole; in the end, comparisons with Eastern European countries are included, and methodological procedure is explained.


The Global Informal Workforce

The Global Informal Workforce
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 414
Release: 2021-07-23
Genre: Business & Economics
ISBN: 1513575910

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The Global Informal Workforce is a fresh look at the informal economy around the world and its impact on the macroeconomy. The book covers interactions between the informal economy, labor and product markets, gender equality, fiscal institutions and outcomes, social protection, and financial inclusion. Informality is a widespread and persistent phenomenon that affects how fast economies can grow, develop, and provide decent economic opportunities for their populations. The COVID-19 pandemic has helped to uncover the vulnerabilities of the informal workforce.


Social Capital in Central and Eastern Europe

Social Capital in Central and Eastern Europe
Author: Dimitrina Dimova Mihailova
Publisher: Central European University Press
Total Pages: 178
Release: 2004
Genre: Political Science
ISBN:

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The collapse of socialist rule encouraged many Western analysts and government advisors to see the east-European region as a veritable tabula rasa just waiting for civil society and market democracy. Millions of dollars and euros were poured into democrazation projects, with the aim of building social capital.


Public Sector Debt Statistics

Public Sector Debt Statistics
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 230
Release: 2011-12-08
Genre: Business & Economics
ISBN: 161635156X

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The global financial crisis of recent years and the associated large fiscal deficits and debt levels that have impacted many countries underscores the importance of reliable and timely government statistics and, more broadly, public sector debt as a critical element in countries fiscal and external sustainability. Public Sector Debt Statistics is the first international guide of its kind, and its primary objectives are to improve the quality and timeliness of key debt statistics and promote a convergence of recording practices to foster international comparability and as a reference for national compilers and users for compiling and disseminating these data. Like other statistical guides published by the IMF, this one was prepared in consultation with countries and international agencies, including the nine organizations of the Inter-Agency Task Force on Finance Statistics (TFFS). The guide's preparation was based on the broad range of experience of our institutions and benefitted from consultation with national compilers of government finance and public sector debt statistics. The guide's concepts are harmonized with those of the System of National Accounts (2008) and the Balance of Payments and International Investment Position Manual, Sixth Edition.


Emigration and Its Economic Impact on Eastern Europe

Emigration and Its Economic Impact on Eastern Europe
Author: Mr.Ruben V Atoyan
Publisher: International Monetary Fund
Total Pages: 48
Release: 2016-07-20
Genre: Social Science
ISBN: 1475576366

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This paper analyses the impact of large and persistent emigration from Eastern European countries over the past 25 years on these countries’ growth and income convergence to advanced Europe. While emigration has likely benefited migrants themselves, the receiving countries and the EU as a whole, its impact on sending countries’ economies has been largely negative. The analysis suggests that labor outflows, particularly of skilled workers, lowered productivity growth, pushed up wages, and slowed growth and income convergence. At the same time, while remittance inflows supported financial deepening, consumption and investment in some countries, they also reduced incentives to work and led to exchange rate appreciations, eroding competiveness. The departure of the young also added to the fiscal pressures of already aging populations in Eastern Europe. The paper concludes with policy recommendations for sending countries to mitigate the negative impact of emigration on their economies, and the EU-wide initiatives that could support these efforts.