Shadow economy or as labelled Informal Economy in the North African countries of the MENA region commands, according to the local media, some 30 to 50% of their respective economies. It has historically been taken for a long time as the main cause responsible for economic backwardness of the under-developed countries of the world. These countries’ government in a bid to reduce its importance, were at pains trying to draw sizable segments out of the informal sphere of their economies and insert them into economies that are very often stiffened by red tape and / or lacking capital fluidity.
Meanwhile, advances in technology and its increasing coverage would possibly be working the other way around, meaning towards informalizing further all economies by facilitating amongst many things the easy transfer and exchange of money, etc.
This article of the WEF by Charlotte Edmond, Formative Content is explicit about this phenomenon as witnessed in certain countries. This however would obviously apply all over the world but at varying degrees.
Is Digital Nomadism impacting all life ? Thanks to the recent ICT advances, it is becoming noticeable throughout the world for those successive waves of ‘intellectuals and nonintellectuals’ alike are found to be not required physically in any place of work; work which can be discharged as it were [ . . . ]