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Open AccessArticle

The Informal Economy as a Catalyst for Sustainability

Department of Geography, Florida State University, 600 W. College Ave, Tallahassee, FL 32306, USA
Academic Editor: Marc A. Rosen
Sustainability 2015, 7(1), 23-34;
Received: 13 September 2014 / Accepted: 17 December 2014 / Published: 23 December 2014
Sustainability typically involves the balancing of three major factors: the economy, the environment, and some notion of equity. Though the economy is already a key aspect, the recognition of the informal economy, seems to be absent from the many possible permutations of these three. This paper will explore the various aspects of the informal economy and how it can make a considerable impact on achieving a more sustainable future. Specifically, this paper focuses on how the informal economy can encourage the sustainable use of goods, while offering an alternative to the regulated market economy. By supporting the informal sectors such as farmers markets, street vendors and non-market activities, a shift away from a car-dominated society and singular economic trajectory can begin. The informal sector can provide, social capital, promote local economies, create jobs and provide the need economic shift toward a sustainable future. View Full-Text
Keywords: informal economy; economy; sustainability; development; alternate economy; eco-localism informal economy; economy; sustainability; development; alternate economy; eco-localism
MDPI and ACS Style

Ruzek, W. The Informal Economy as a Catalyst for Sustainability. Sustainability 2015, 7, 23-34.

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