Great post @The alchemist 
looks like the informal economy provides easier access for the less fortunate to create a livelihood and any future government policies not taking that into account would obviously have a negative impact on that demographic, yet leaving things as is would also hamper the country’s potential to grow.
I think one of the ways to remedy that would be to expand the Baxnaano program as a safety net, remove unnecessary red tape to register and start a business, boost financial institutions and their capability to extend loans, increase the quality of infrastructure, put in place clear import and export standard practices (reducing costs and protecting the quality of the products/produce), establish nationwide job opportunities through industry and services and eventually there should be a natural shift to a formal economy, even if aspects of the informal will remain?
looks like the informal economy provides easier access for the less fortunate to create a livelihood and any future government policies not taking that into account would obviously have a negative impact on that demographic, yet leaving things as is would also hamper the country’s potential to grow.I think one of the ways to remedy that would be to expand the Baxnaano program as a safety net, remove unnecessary red tape to register and start a business, boost financial institutions and their capability to extend loans, increase the quality of infrastructure, put in place clear import and export standard practices (reducing costs and protecting the quality of the products/produce), establish nationwide job opportunities through industry and services and eventually there should be a natural shift to a formal economy, even if aspects of the informal will remain?
