"This paper studies the causes and consequences of informality and applies the analysis to countries in Latin America and the Caribbean. It starts with a discussion on the definition and measures of informality, as well as on the reasons why widespread informality should be of great concern. The...

This paper looks at the questions of whether informal and formal firms actually do compete; under which conditions; and how should competition authorities address informality when implementing their advocacy and enforcement powers. It was prepared as background material for the session "Informal...