Transcript
  • 00:00    |    
    Initial credits
  • 00:06    |    
    Robert Neuwirth
  • 00:06    |    
    Comments on piracy
    • Music market in the United States
    • Piracy as a way for advertising
    • Argument on behalf of the respect for regulations
  • 05:14    |    
    Evolution of laws
    • Illegality of selling any product on the street
    • Piracy
  • 09:42    |    
    Difference between the informal market and piracy
    • Price of original movies
    • Netflix example
    • Costs of producing the movie
    • Affordable versions of the original movie
  • 13:14    |    
    Law responsibility
  • 14:33    |    
    Informal market and tax evasion
  • 16:26    |    
    Legal informal economy
  • 18:43    |    
    Flexibility in the informal and formal markets
    • Workers unions in Europe
    • Switzerland's social protection for workers
  • 24:38    |    
    Summary of topics discussed
  • 25:45    |    
    Informal sector: a consequence of the formal sector's mistakes
  • 26:13    |    
    Informal extraordinary entrepreneurs
    • Scrap dealer example in Lagos, Nigeria
    • Banking situation for informal entrepreneurs
    • Movie dealer example in Guatemala
  • 31:19    |    
    Enrique Ghersi
  • 31:37    |    
    Successful stories of informal entrepreneurs in Peru
  • 32:10    |    
    Tha Añaños family
  • Big Cola or Kola Real
  • 33:41    |    
    Family businesses starting in the informal sector
  • Ceviche
  • 37:56    |    
    The streets: a new force of capitalism
    • Street dentists in Pakistan
    • Unfairness of the informal sector
    • The circle of knowledge
    • Intellectual property rights
    • Taxation
    • Incentives for paying taxes
    • Computer business in Paraguay
    • An incubator economy
  • 47:40    |    
    Japanese industry
  • 48:06    |    
    Formal businesses subsistence through the informal sector
  • 50:20    |    
    Internet: one of the biggest informal market
  • Case of a graphic designer in Lima, Peru
  • 52:41    |    
    Subjective value in tax payment
  • 53:37    |    
    Technology as an instrument for pirating
  • 55:35    |    
    People's fear and their limitation to create things
  • 57:33    |    
    Evolution of the law
  • Importance of rules for leading people in a perfect society
  • 01:01:48    |    
    Change in morality and ethics
  • 01:03:22    |    
    Spontaneous order and free market
  • 01:05:49    |    
    Different aspects between criminal and civil law
    • Reasons for having rules
    • Reason for black markets
  • 01:09:42    |    
    Legalization of drugs
  • 01:11:29    |    
    Final words
  • 01:11:39    |    
    Final credits


Does the Informal Economy Have Economic Value?

New Media  | 25 de abril de 2013  | Vistas: 11

During this luncheon meeting, Robert Neuwirth and Enrique Ghersi share their thoughts about informal economy in various countries. They talk about piracy, informal markets and taxation; and explain the lack of incentives for these merchants to get into the formal sector. As well, they share stories about extraordinary entrepreneurs who began their businesses in the informality and through time, they have grown up to be giant companies around the world. They also discuss the topic of regulations and the evolution of laws in order to live in a better society, withouth the intervention of the state.


Conferencistas

Robert Neuwirth is an American journalist and author of the books…

Enrique Ghersi es abogado especializado en análisis económico del Derecho y…

IDEAS DE LA LIBERTAD

Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín