by Susanne Fehlings

Informal economy has become a topic of many recent studies concerned with Soviet and post-Soviet economy. The current debates discuss whether informality (not regulated by the state) has a negative effect on national economies or whether it is, and should be, an integral part of a liberal market system. But before discussing the pros and cons of informality it is worth to have a closer look at the representatives of informal practices, who, among others, are so-called petty traders. Continue reading →