CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

English Spanish

The informal sector and poverty in Latin America

Informal economic activities are an important source of jobs in the region. The question as to how this phenomenon should be interpreted and the nature of its im plications are, however, a subject of controversy. Some analysts regard the existence of the inform al economy as a consequence of insufficient economic growth; they contend that it represents a survival strategy and, as such, an involuntary refuge for the poor. Others argue that it is the result of changes in the labour market brought about by government regulation and see it as offering attractive job alternatives that may yield a higher income than many wage-earning positions.

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