Gang, Ira N.; Gangopadhyay, Shubhashis - In: Journal of Economic Studies 17 (1990) 5, pp. 19-31
In discussions of economic development, industrial dualism is often ignored. Industry, or the modern sector, in developing countries is composed of an overregulated formal sector and a free-entry informal sector. Because of the nature of the regulations we can, in general, identify the formal...