EVERY CLOUD (MIGRANT) HAS SILVER LINING (INFORMAL WORK): A NEOLIBERAL-INFORMAL ECONOMY NEXUS

Abstract

Informal is likely to be in the order of irregularity, a predictable arrhythmic having perception of uncontrolled that the people of such section used to take for granted. The term ‘informal sector’ is located in indistinguishable place within the purview of the informal economy is often mixed-up with formal sector in society, but implies the conflict between bureaucracy (formal sector) and the people (informal sector). The article takes precedence over an informal economy approach in tandem with the emergence of neoliberalism. There is an inextricable link between the neoliberal and the informal economy leading to the newer state of the global economy is approached through the work of social scientists. It problematizes the genesis of informal economy dates back to the period of the European industrial revolution. A great deal of economic transformation from the producers to the consumer market takes place eventually leaving city’s interstitial space harbouring the rampart rural-urban migrants; squatting in growing urban sprawl in the name of machine revolution. This article argues about four basic tenets of the informal sector: state, market, household and commons to justify the existence of millions of informal workers to struggle against the economic woes. The article suggests an overarching policy response for sustainable informal economy that includes quasi regulating informal income generation and providing legal protections from the state. The author concludes with some contemporary reflections on the tempo of the globalization bridging the global and informal economy at the backdrop of the thriving neoliberal economy as a reasonable alternative of the Keynesian catastrophe.