Journal
CITIES
Volume 21, Issue 6, Pages 501-511Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.cities.2004.08.002
Keywords
human capital; regulation; entrepreneurship
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There is a sense in which the formal and informal economies in mega-cities are taken for granted. The bulk of the literature focuses on the characteristics and problems of the latter. It is crucial, however, that they should not be examined and analysed as separate entities. Rather, it should be acknowledged at the outset that the activities that are normally considered part of the informal economy are often in one way or another linked to the activities in the formal economy. Other reasons for stressing the interconnectedness of the informal and formal sectors in cities are outlined. Perhaps, the key to policy development is to recognise that both sectors incorporate creativity, entrepreneurial flair, and a general desire to harness human capital in ways that maximises its potential. (C) 2004 Elsevier Ltd. All rights reserved.
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