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
Results 1-3 of 43
... Estimates of the magnitude of underground work in advanced economies , as percentage of GDP 19 44 4.2 The size of the UK underground economy as percentage of GNP : by year and measurement method 45 4.3 Estimates of underground economy ...
... estimates of its magnitude . In the UK , for example , they range from 1 to 34 per cent of GDP and in the USA from 5 to 28 per cent . To understand these startling variations , this chapter evaluates the array of measurement methods ...
... estimates can only be very approximate . More importantly , it totally ignores more individualized forms of ... estimates of official GDP , these analysts derive an estimate of unofficial GDP . Table 4.3 reviews some of the results ...