The Hidden Enterprise Culture: Entrepreneurship in the Underground EconomyEdward Elgar, 2006 - 263 pages Portraying how entrepreneurs often start out conducting some or all of their trade on an 'off-the-books' basis and how many continue to do so once they become established, this book provides the first detailed account of the vast and ubiquitous hidden enterprise culture existing in the interstices of western economies. Until now, the role of the underground economy in enterprise creation, entrepreneurship and small business development has been largely ignored despite its widespread prevalence and importance. In contrast to much of the previous literature that views the underground economy as low-paid, exploitative sweatshop work that should be deterred, this book takes a fresh, more positive perspective that considers the underground economy as a hidden enterprise culture. Colin C. Williams prescribes the means by which western governments can best harness this hidden culture of enterprise. He outlines detailed policy initiatives that seek to assist business ventures in setting up on a formal footing, and aim to encourage underground enterprises and entrepreneurs to make the transition into the realm of legitimacy. This book provides a lucid guide as to how the hidden culture of enterprise can be brought into the open. As such, it will prove invaluable to a wide-ranging audience including scholars and students of business studies, entrepreneurship, management, economics and regional science. |
From inside the book
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... deterrence ( ' push ' ) measures , notably the probability of detection and the level of punishments , in order to ... deterrence is not the appropriate means of achieving this objective . THE DETERRENCE APPROACH TOWARDS UNDERGROUND WORK ...
... DETERRENCE OPTION This deterrence approach that focuses upon its negative impacts fails to consider aspects of the underground economy that could be construed as potentially positive if brought into the formal sector . In this section ...
... deterrence could ever be successful . This is similarly found to be the case in the UK . A study by Travers ( 2002 ) in the London borough of Newham finds that 64 per cent of respondents would ... deterrence option 113 The deterrence option.