Designwala

The Rise of the informal economies

by Shagun Singh

Wall Street Journal published an article on informal economies. Stating the first paragraph from the article -”Economists have long thought the underground economy — the vast, unregulated market encompassing everything from street vendors to unlicensed cab drivers — was bad news for the world economy. Now it’s taking on a new role as one of the last safe havens in a darkening financial climate, forcing analysts to rethink their views.”

It would be interesting to observe these economies and see how services can be created keeping in mind the organic nature of this kind of trade or system to overcome the recession and to successfully live through it.

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