Tag #Informal Economy

Showing 13 to 14 of 14 results

dw.com

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Jan 6, 19:09

Dajabón Border Market: A Lifeline and Economic Engine Amidst Instability

The Dajabón border market, open Mondays and Fridays, facilitates substantial informal trade between the Dominican Republic and Haiti, generating nearly $430 million annually, despite limitations in infrastructure and challenges posed by Haiti's instability.

Dajabón Border Market: A Lifeline and Economic Engine Amidst Instability

The Dajabón border market, open Mondays and Fridays, facilitates substantial informal trade between the Dominican Republic and Haiti, generating nearly $430 million annually, despite limitations in infrastructure and challenges posed by Haiti's instability.

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What are the main challenges faced by the Dajabón border market, and how do these affect its operation and future prospects?

The Dajabón market's operation reveals a complex interplay between order and chaos, reflecting the socio-economic disparities and security concerns affecting the Dominican Republic-Haiti border region. Haiti's food insecurity crisis drives demand for goods from the Dominican Republic, highlighting the interconnectedness of their economies. The market's limitations, including capacity and infrastructure, hinder further growth and efficiency.

abcnews.go.com

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Dec 31, 07:09

Zimbabwe's Failing Currency Fuels Growth of Informal Night Markets

In Zimbabwe, the new ZiG currency's failure is driving consumers to cheaper informal night markets, forcing formal retailers to close, with one major chain reporting a zero investment value; over 80% of the workforce is in the informal sector.

Zimbabwe's Failing Currency Fuels Growth of Informal Night Markets

In Zimbabwe, the new ZiG currency's failure is driving consumers to cheaper informal night markets, forcing formal retailers to close, with one major chain reporting a zero investment value; over 80% of the workforce is in the informal sector.

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How is the failure of Zimbabwe's new ZiG currency impacting consumers and the retail sector?

Zimbabwe's new gold-backed currency, the ZiG, is failing to stabilize the economy, leading to a surge in informal night markets offering cheaper goods than formal stores. A shopper, Batsirai Pabwe, saved significantly by buying groceries at a night market, highlighting the currency crisis's impact on consumers.", A2="The widening gap between official and black market exchange rates renders formal businesses uncompetitive. Pick n Pay, a major grocery chain, reported a zero book value of its Zimbabwe investment due to deteriorating economic conditions. This reflects the broader economic crisis and the preference for the more stable U.S. dollar.", A3="The informal sector's dominance, with over 80% of the employable population involved, underscores the systemic failure of Zimbabwe's formal economy. The continued reliance on the U.S. dollar and the thriving night markets suggest a long-term struggle to stabilize the ZiG and formal retail.", Q1="How is the failure of Zimbabwe's new ZiG currency impacting consumers and the retail sector?", Q2="What are the underlying causes of the widening gap between official and black market exchange rates in Zimbabwe?", Q3="What are the long-term implications of the informal economy's dominance on Zimbabwe's economic stability and future development?", ShortDescription="In Zimbabwe, the new ZiG currency's failure is driving consumers to cheaper informal night markets, forcing formal retailers to close, with one major chain reporting a zero investment value; over 80% of the workforce is in the informal sector.", ShortTitle="Zimbabwe's Failing Currency Fuels Growth of Informal Night Markets"))

Showing 13 to 14 of 14 results