CONTENTS
Preface xi
PART ONE
one Introduction
Migration
A Hostile Reception
From Migrants to Informals
Two Informal Housing
The Informal Acquisition of Property
The Historical Evolution of Informal Housing
The Long March toward Private Property
Three Informal Trade
Types of Informal Trade
The Historical Evolution of Informal Trade
The March toward Markets
Four Informal Transport
Types of Informal Transport The Historical Evolution of Informal Transport The Mystery of Cyclical Bankruptcies
Informality in Photos appears after page 118.
PART TWO
Five The Costs and Importance of the Law
The Costs of Formality The Costs of Access
The Costs of Informality
The National Economic Consequences of the Costs of
Formality and Informality The Law as a Determinant of Development
Six The Redistributive Tradition
SEVEN The Parallel with Mercantilism
The Characteristics of Mercantilism
Peru: A Mercantilist Country?
The Decline of Mercantilism and the Emergence
of Informals Collapse
EIGHT Conclusion
The Social Relevance of Legal Institutions Violence
The Survival of Mercantilism
Political Voluntarism
Left- and Right-Wing Mercantilists
The Promise of Human Capital
An Agenda for Change
Final Remarks
Epilogue
Appendix Index