Many of the new jobless will join the 15 million Mexicans working in the informal economy.
Some 60% of Colombians work in the informal economy again, more than the regional mean.
The plentiful creativity and entrepreneurship in the informal economy can be harnessed to cater to them.
By its very nature, the informal economy's size in any country is hard to observe.
Between them these have confined some 40% of the workforce to the informal economy.
Few people pay taxes: the middle class is small, the informal economy big, and enforcement chilled-out.
To get by, almost every Cuban must get involved in a tolerated, but officially illegal, informal economy.
In developing countries, rural women farmers grow most of the food that is eaten and dominate the informal economy.
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Even so, recent innovations in social policy may be making it more attractive to remain in the informal economy.
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The bank was taken aback by the amount of money, sophistication and willingness to save in the informal economy.
The rest labour in the informal economy, or are among the 11% of youths who neither study nor work.
The megacity contributes to over 20% of the country's GDP and is also home to a multi-billion dollar informal economy.
Despite increasing consumption taxes like VAT (value-added tax), the informal economy can still provide relief through various markets and bazaars.
Another is the informal economy, which is notoriously hard to measure: only one Peruvian in three has a legally registered job.
In the 1970s the International Labor Organization popularized a view of the informal economy known as the dualist school of thought.
Parts of the traditional small enterprise sector and of the informal economy service particular components of the advanced sectors in a city.
Additionally, like over half of the Mexican population, Beto is a member of informal economy unbanked and with no credit history.
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Instead, she and her husband are seeking work in the informal economy.
Plus, while policies in the formal economy are relatively strong in terms of supporting families, those in the informal economy remain unprotected.
Meanwhile, remittances from abroad, self-employment, tourism, foreign investment and the informal economy have lifted the incomes of a large group of Cubans.
The recent expansion of credit to such companies has helped to boost formal employment and shrink the informal economy, especially in Brazil.
Packing away my camera and microphone, I was approached by a parking attendant - known in Mexico's informal economy as a "viene viene".
It helps include people previously in the shadow of the informal economy and increases government earnings that can fund social and economic development.
These conceptions give rise to different beliefs regarding the desirability of having an informal economy along with distinct policy levers to address it.
So tens of thousands more workers will join Mr Sotillo in the informal economy, where one Venezuelan in two grinds out a precarious living.
One of, say, 15% would do wonders for stimulating growth and shrinking the informal economy--which, some observers estimate, encompasses about half of Indonesia's economic activity.
Latin America's overall record of productivity growth is poor, thanks to a toxic mixture of burdensome regulation, a large informal economy and a lack of innovation.
With official unemployment at around 18%, and more than half the workforce employed in the informal economy, life for the poor the president's main allies is increasingly grim.
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One way of interpreting the changes is that rather than creating new opportunities, they merely legalise what was already a widespread informal economy of clandestine private enterprise.
In talking to Maria, it became evident to me that the informal economy, far from being homogeneous, is heterogeneous, comprising a web of different activities and processes.
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