Informal Markets Stifle Economic Growth in Developing Countries: Study
The article explores informal markets in Egypt and China, discussing their history, causes, effects, and impact on economic growth. It suggests solutions to address issues related to the informal sector. The study found that there is a negative relationship between informal markets and economic growth, with developing countries typically having larger informal sectors than developed ones. Poverty and unemployment are key factors influencing the size of the informal sector in an economy.