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Local Small Enterprise Development and the Informal Economy

  • Kempe Ronald HopeSr.

Abstract

The informal economy (sometimes alternatively referred to as the subterranean, hidden, unobserved, underground, shadow, secondary, black, invisible, irregular, unofficial, transient, subsistence, or parallel economy) now constitutes an important component in the economic activities and process of development in African countries. Although some governments made efforts in the past to minimize its relative importance, the informal economy continues to thrive in Africa where, frequently, economic constraints and inefficiency interfere with the normal functioning of the organized or “formal” economy and therefore disrupt the availability and flow of goods, services, technology, and human resources in and out of those countries.

Keywords

Gross Domestic Product African Country Informal Sector Informal Economy Formal Economy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© Kempe Ronald Hope, Sr. 2008

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  • Kempe Ronald HopeSr.

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