The Power of Informal Economies
The speaker of this Ted Talk.
Who is Robert Neuwirth?
This person is a trader in Malaba on the Uganda-Kenya border who sells clothes.
Who is Teresia?
Name the type of market not regulated by the government
What is an informal market?
What is another name for the informal economy?
What is System D / DIY Economy?
This is often the misconception about the informal economy in Africa.
What is being viewed as chaotic and unstructured?
Name a problem that the formal economy can face.
What is oversaturation and stagnation? Or: What is high operational cost?
What are two major issues companies have with the informal economy?
What is piracy and no taxation?
This is how the job growth rate of the informal sector compares to that of the formal economy.
What is four times the rate?
The difference between the value of the informal economy and the value of the luxury economy
What is 8.5 trillion USD?
What fraction of the world's workers are in the informal economy / approximately how many workers?
What is 2/3's / 1.8 Billion workers?
This type of financial aid is typically too small to significantly impact the business operations of informal traders like Teresia.
What are microloans?
If Uganda's GDP was approximately $49 billion in 2023, and the lack of distinction between formal and informal markets cost 60% in additional GDP growth, how much did Uganda lose?
What is $29.4 billion?