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A national policy for the informal economy in Papua New Guinea

CollectionsPacific Economic Bulletin (1991-2010)
Title: A national policy for the informal economy in Papua New Guinea
Author(s): John D. Conroy
Publisher: Crawford School of Public Policy, The Australian National University
Asia Pacific Press
The informal economy is important in Papua New Guinea because a majority of households are involved in it as producers and consumers. The livelihoods of householders could be improved by greater access to informal income-generating opportunities. This article rejects widely held negative perceptions of the informal economy, although it cautions against undue optimism concerning its potential. It points to the limits of government action in support of the informal economy and suggests that providing a supportive policy and regulatory environment for the sector is the best course of action. It asserts the need to increase the national level of 'financial inclusion' as a central economic policy goal, with microfinance as the primary policy instrument for that goal. It emphasises the importance of providing public goods and services whose absence or inadequacy has retarded the informal economy. Suggestions are made for public goods and associated government services of particular utility for the growth and development of the informal economy
ISSN: 1834-9455 (online)
0817-8038 (print)


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