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A Framework for Thinking About Enterprise Formalization Policies in Developing Countries / Kenyon, Thomas
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Kenyon, Thomas
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access to Finance.
- Business associations.
- E-Business.
- Economic activities.
- Emerging Markets.
- Entrepreneurs.
- Environment.
- Environmental Economics and Policies.
- Finance and Financial Sector Development.
- Government intervention.
- Information sharing.
- Microfinance.
- Private enterprise.
- Private Sector Development.
- Public policy.
- Small businesses.
- Small enterprise.
- Union.
- Local Subjects:
- Access to Finance.
- Business associations.
- E-Business.
- Economic activities.
- Emerging Markets.
- Entrepreneurs.
- Environment.
- Environmental Economics and Policies.
- Finance and Financial Sector Development.
- Government intervention.
- Information sharing.
- Microfinance.
- Private enterprise.
- Private Sector Development.
- Public policy.
- Small businesses.
- Small enterprise.
- Union.
- Physical Description:
- 1 online resource (17 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2007
- System Details:
- data file
- Summary:
- What policies encourage firms to become formal? The standard approach emphasizes reducing the costs of compliance with government regulation. This is unlikely to be sufficient. Instead we need to understand compliance as a function not only of firm-level costs and benefits but also in terms of the interaction between the firm and its competitors and between the firm and the state. This paper emphasizes the coordination and credibility issues involved in promoting formalization and discusses possible institutional solutions, among them business associations that make the benefits of membership dependent on compliance, information sharing arrangements among government agencies and improvements in the quality of public management.
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