Our aim with this symposium is to explore the global scope, innovations and potential futures of the informal economy.
Opening Keynote will be John Keith Hart, who coined the term “informal economy” and the day long symposium on the 12th of October will be closed by John Thackara. There will be three panel discussions, as follows:
PANEL 1: SCOPE, MEANING AND TENSIONS IN THE INFORMAL ECONOMY
This panel will explore the scope, tensions and influences of the informal economy. It will set the stage, provide case studies, and present new themes that make clear why the informal economy is a key topic for business and society today. It will address critical questions for the symposium: What are historical foundations, contemporary developments, conception and misconceptions of the informal economy? What parts are institutionalised or marginalised and which are not? What does regulation look like? How is the informal economy similar or different in emerging vs. developed markets? What kinds of goods and services does it include? Are there good and bad informal economies? How are the informal and formal linked? How do labor, goods and services move within and between them? Why does contemporary business need to understand the informal economy?
PANEL 2: THE FUTURE OF MONEY AND THE INFORMAL ECONOMY
This panel will explore the use of money and other exchanges in the informal economy. This panel builds on the previous, starting with the premise that the informal economy is a place to create new value for business and society. It will discuss the relationship between regulated finance and informal exchanges, focusing on, among other things, mobile money. Some key questions to be addressed include: How is the use, exchange and idea of money similar or different in formal vs. informal economies? How do digital technologies encourage and expand informal practices and exchanges? What are the ways to establish financial links and other bridges between formal businesses and informal practices? What are specific financial needs in various informal economies? What are the challenges faced by companies operating in financial services and other businesses when addressing the context and practices of the informal economy?
panelists: Ben Lyon, Ignacio Mas, Niti Bhan moderator: Rich Radka
PANEL 3: INNOVATION AND OPPORTUNITIES IN THE INFORMAL ECONOMY
This panel will look at innovation within the informal economy. Rather than approach informal economic practices as make-do strategies of people in the margins, panelists explore the potential for the lean and agile practices of the informal economy to adapt to contemporary global shifts. Some key questions to be addressed include: Can informal economic practices be indicators of future economic activity? What can these practices teach us about our own innovation efforts and modes of doing business? What does the persistence of informal economies mean for the future of business? What challenges does it present? What are some ways companies can act on opportunities?