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Tuesday, April 7, 2009 at 3:44 AM
3:44AM

When the going gets tough, the tough go informal

DateTuesday, April 7, 2009 at 3:44AM

WEEKEND JOURNAL: "The Rise Of The Underground," by Patrick Barta, Wall Street Journal, 14-15 March 2009.

Key point: as the global economy contracts, much labor in emerging markets simply submerges back into the informal economy--here called the "underground."

It is a certain form of resilience.

AuthorThomas P.M. Barnett CommentPost a Comment |
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