Informal Labour and Credit Markets: A Survey.

Table 1: Informality

	View	Dualism	Markets	Processes/Goods/Services	Linkages
Productive	scale	product	legal	Dualist
legalistic	wage	labour	illegal	structuralist
	evasion	credit		legalistic

Table 2: Views for the informal economy from Table 1 in Chen (2007)

The old view: ILO 1972	The new view: ILO 2002
traditional economy that will disappear	here to stay and expand
only marginally productive separate from formal economy represents a reserve pool of surplus labour street traders and small-scale producers entrepreneurs who avoid taxes/regulations	contributes significantly to GDP linked with formal economy inf. due to less formal jobs or informalization wide range of informal occupations wage workers, entrepreneurs and self-empl.

44

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