Summary of Stealth of Nations
The Global Rise of the Informal Economy
Copyright © 2011 by Robert Neuwirth
Used by arrangement with The Knopf Doubleday Publishing Group, a division of Random House, Inc.
How the world’s poor bend the rules and operate in the worldwide informal economy to survive.
To describe the world of copyright piracy, smuggling and tax evasion, journalist Robert Neuwirth traveled to the street markets of São Paulo, the slums of Lagos and the export companies of China. In this engaging, nuanced look at the worldwide informal economy, Neuwirth argues persuasively that the world’s poor must bend the rules to survive, and he adds perspective about the relevance of off-the-books economies as a pressure valve when markets crash. While he writes with fascination about underground corruption and piracy, Neuwirth doesn’t offer moral precautions or solutions, though readers might want them. Perhaps he knows that would be futile. getAbstract recommends his insights to readers seeking greater understanding of the informal economy, life in developing countries, or the interplay of ad hoc and entrenched economies.
In this summary, you will learn
- Why the informal economy is important and
- Why underground commerce remains the only choice for billions of people.
About the Author
Journalist Robert Neuwirth is the author of Shadow Cities: A Billion Squatters, a New Urban World. His work has appeared in The New York Times, the Washington Post and Fortune magazine.
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5 years agoGood to see this valuable comment.
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