id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
cord-027905-edb9yozz	Narula, Rajneesh	Policy opportunities and challenges from the COVID-19 pandemic for economies with large informal sectors	2020-06-25		.txt	text/plain	5436	271	45	I suggest the crisis provides the circumstances for greater active engagement with informal actors, by placing informal enterprises on a par with formal firms within industrial policy. The most visible effect of the COVID-19 crisis in the developed world has been to the unemployed, the self-employed, casual and gig-workers, and small-scale entrepreneurs and businesses, which can be imperfectly described as those people and enterprises being in the informal sector. Second, in the medium term, we will see a greater exclusion of the informal economy from productive activity by GVCs. Both will be to the detriment of countries seeking to leverage their low labour costs by engaging with manufacturing supply chains. The crisis has exposed significant market failures (e.g. allocative and productive inefficiencies, 'strategic' restrictions on exports) that represent new opportunities for entrepreneurs, and provide the circumstances for a modest infant industry industrialisation, by placing informal enterprises on a par with formal domestic firms.	./cache/cord-027905-edb9yozz.txt	./txt/cord-027905-edb9yozz.txt