My Opinion | 131609 Views | Aug 14,2021
Jun 15 , 2024.
Street vendor lays out his merchandise at a bus stop around the Mexico roundabout. He looks to instigate impulsive purchases from pedestrians through a shifting marketplace. The Addis Abeba Trade Bureau is drafting regulations that restrict the type of products sold by street vendors. High levels of urban unemployment fueled in part by elevated rural-urban migrations contribute to the thriving informal sector. Recent estimates of the informal sector are around t 69pc in the capital compared to the national average, which lies below 15pc.While the term informal often sparks a raised eyebrow a majority of the economic activity in urban areas in developing countries is conducted through such channels. The informal sector currently accounts for over half the global employment, involving an estimated 1.8 billion people as compared to the 1.2 billion of the formal sector according to data from the International Labor Organization(ILO).
PUBLISHED ON
Jun 15,2024 [ VOL
25 , NO
1259]
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