THE INFORMAL ECONOMY IN PERU (transl.)

Dr. Roberto Machado, Pontificia Universidad Católica del Perú

September 2016 [orig. Feb.2015]*

About our Guest: Dr. Roberto Machado is an economist and an independent consultant for various public and private institutions in Peru and abroad.  He is the editor of, Un gasto que valga. Los fondos públicos en Centroamérica y República Dominicana (2008), as well as a coeditor of, Recaudar para crecer. Bases para la reforma tributaria en Centroamérica (2005), and Pequeñas economías, grandes desafíos. Políticas económicas para el desarrollo en Centroamérica (2004). All published by the Inter-American Development Bank (IDB). He is also the author of several articles published in various academic journals such as The Journal of Development Studies and The Journal of International Development. 

Interviewer: Ana Fonseca

Overview: Dr. Machado discusses his article, "La economía informal en el Perú: magnitud y determinantes (1980-2011)," ("The informal economy in Peru: magnitude and determinants 1980-2011"), Published in 2014 in the academic journal Apuntes of the Centro de Investigación de la Universidad del Pacífico in Peru, which analyzes the causes, dynamics and implications of public policy in regards to the informal economy in Peru through an estimate of the added value of the informal economy as a percentage of the Peruvian Gross Domestic Product (GDP) in the period 1980-2011. 

What are the advantages and disadvantages of formalizing the informal economy? What is the relationship between levels of productivity and the incidence of the informal economy in Peru? How is the concept of productivity understood in the Peruvian context? During this conversation, Dr. Roberto Machado explores with us these key questions.

Keywords/themes: Informal economy, formalization, Peru, productivity, GDP, job creation, human rights.

This is a translated version of our audio interview originally conducted in Spanish, "La economía informal en el Perú," with Dr. Roberto Machado.

"In the context of this economic model that we have in Peru and other countries in Latin America, and in spite of the macroeconomic growth that is observed in the region, job creation is very low because the dynamic sectors of these economies are not personnel- intensive. Then people have to become resourceful and the evident solution is, of course, self-employment which is mostly informal."

Roberto Machado
​Download PDF transcription - The Informal Economy in Peru (transl.)
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CITING THIS INTERVIEW:

Transcription: Machado, Roberto. "The Informal Economy in Peru." Interview by Ana Fonseca. Radio Heteroglossia, translated transcription, September 2016 [February 2015] https://www.radioheteroglossia.com/en/interviews/2016-9-orig2015-2-roberto-machado-pontificia-universidad-catolica-del-peru-the-informal-economy-in-peru-transl.

* This interview was originally published in an extended version by Radio Heteroglossia on February 2015. The original interview has been edited further for this publication to fit our new, condensed format launched on September 2016.

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November 2019