Speaker: Robert Neuwirth
Date: June 2012
Location: Edinburgh, Scotland
His point is that the informal economy plays a key role in global development. While he empasized the do-it-yourself economy of floating markets, street markets, grey economy and even flea markets and proposed that they benefit communities by being cooperative in nature, encourage and support self-reliance and provide alternative exchanges through barter not all that viewed the video agreed. With over 390,000 views, the video has influenced the debate on the merits of business under the radar. Mr. Neuwirth wants to acknowledge its role in the developing world. While other remarked that the chaos of streetwise businesses causes chaos, crime and destroys the public rule.
I think that the unregulated environment of exchanges on the street are not that different from the emerging online platforms use to exchange goods like Facebook. Commercial activity is not as regulated in online platforms as well. In Croatia, laws have changed to the point where even the green market stands have taxes to pay and receipts to keep. This layer of bureacracy can be seen as to safeguard consumers but it also brings barriers to enter even microbusiness like the street stands. With impediments at the lower levels, it could also make it harder to grow and scale smaller to larger firms.
No comments:
Post a Comment