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" Peru, the problem is not the black market but the state itself. The informal economy is the people's spontaneous and creative response to the state's incapacity to satisfy the basic needs of the impoverished masses. "
The Hidden Enterprise Culture: Entrepreneurship in the Underground Economy - Page 120
by Colin C. Williams - 2008 - 288 pages
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Contrapunto: The Informal Sector Debate in Latin America

Cathy A. Rakowski - 1994 - 352 pages
...Portela 1991, p. 8) with legality a privilege of those with political and economic power. Informality is the people's "spontaneous and creative response to...satisfy the basic needs of the impoverished masses" and to the system that has "traditionally made them victims of a kind of legal and economic apartheid"...
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Informal Employment in the Advanced Economies: Implications for Work and Welfare

Colin C. Williams, Janice Windebank - 1998 - 235 pages
...way in which state interference in the formal sphere leads to market distortion. Informal employment is thus the people's 'spontaneous and creative response...Soto 1989: xiv-xv). As Sauvy (1984: 274) explains, informal employment represents 'the oil in the wheels, the infinite adjustment mechanism' in the economy....
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Freedom from Debt: The Reappropriation of Development Through Financial Self ...

Jacques Gélinas - 1998 - 196 pages
...foreword to The Other Path, essayist and novelist Mario Vargas Llosa asserts: 'The informal economy is the people's spontaneous and creative response to...incapacity to satisfy the basic needs of the impoverished masses.'18 Born out of necessity and driven by an irrepressible instinct for survival, the people's...
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Critical Perspectives in Politics and Socio-Economic Development in Ghana

Wisdom J. Tettey, Korbla P. Puplampu, Bruce J. Berman - 2003 - 486 pages
...modernity, rather than being swept away. Indeed, as de Soto (1989) notes, these spatial relationships are people's spontaneous and creative response to the...state's incapacity to satisfy the basic needs of the vulnerable masses. Such social interaction are individuals' and households' alternative ways of producing...
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Legal Framework for the Admission of FDI

Thomas Pollan - 2006 - 338 pages
...countries like Peru the problem is not the black market but the state itself. The informal economy is the people's spontaneous and creative response to...satisfy the basic needs of the impoverished masses." See H. De Soto, The Other Path, The Invisible Revolution in the Third World 231-235 (1988). procedures...
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The World's Scavengers: Salvaging for Sustainable Consumption and Production

Martin Medina - 2007 - 322 pages
...through empirical research in Peru. De Soto argues that the informal economy is the people's spontaneous response to the state's incapacity to satisfy the basic needs of the impoverished masses. According to de Soto, Peruvian and Latin American economic systems benefit only those with political...
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