CONTENTS
Preface xi
PART ONE
one Introduction 3
Migration
A Hostile Reception
From Migrants to Informals
Two Informal Housing 17
The Informal Acquisition of Property
The Historical Evolution of Informal Housing
The Long March toward Private Property
Three Informal Trade 59
Types of Informal Trade
The Historical Evolution of Informal Trade
The March toward Markets
Four Informal Transport 93
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 131
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 189
SEVEN The Parallel with Mercantilism 201
The Characteristics of Mercantilism
Peru: A Mercantilist Country?
The Decline of Mercantilism and the Emergence
of Informals Collapse
EIGHT Conclusion 231
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 259
Appendix 262
Index 265