TED: The hidden opportunities of the informal economy | Niti Bhan

The video discusses the informal economy, highlighting its negative perception and significant impact on economic growth. It presents findings from a 20-year literature review on informal trade in East Africa, emphasizing the need to distinguish between illicit and legal unrecorded activities. The story of Teresia, a trader in Malaba, challenges stereotypes about informal traders, revealing her as a skilled entrepreneur. The video concludes by addressing the challenges faced by informal traders, such as lack of recognition and access to financial services, and suggests recognizing their skills to integrate them into the formal economy.

What new insight or understanding did you gain from this video?