Robert Neuwirth: The power of the informal economy

The video explores the informal economy, known as System D, highlighting its significance in global business. It discusses how communities like Makoko in Lagos, Nigeria, thrive through self-reliance and informal trade. The informal economy, often overlooked, is a major global force, employing 1.8 billion people and potentially becoming the largest economy. Corporations like UAC Foods and MTN have adapted to this economy, recognizing its potential. Despite challenges like piracy and tax evasion, the informal economy offers opportunities for growth and development, urging a reevaluation of its role in global economics.

What is the significance of the term 'débrouillardise' in the context of self-reliance?

How does the concept of a 'pickle economy' relate to the informal economy?

Explain the relationship between the luxury economy and the informal economy.

What challenges does the informal economy face regarding taxation?