Neuwirth highlights a key point – this economy provides employment for anyone, with the lowest barriers to entry. Any market woman with enough shillings or rupees to buy one day’s inventory is automatically in business – compare this to a highly structured formal economy like Finland’s, where a recent culinary school graduate manning a coffee and cake kiosk at Katajanokkapuisto tells me that she is unable to offer more than a quesadilla, though there was demand for a wider variety of foodstuffs, simply because of the extensive barriers of rules, regulations and requirements by the city’s authorities.
If it makes the powers-that-be that set policy or make pronouncements on what is the one right way to economic development stop and consider whether a little loosening up might not benefit their own tightly corseted economies a little, then this book, with all its naivete and idealism would have done the job I want for it to do.
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