Skill And Informal Economy Analysis

Concept of Skill and Informal Economy The art of survival requires constant search for new sources of income and the will and ability to be as flexible as possible. It is important to re-conceptualize skills and training and move away from its narrow employment connotation. Training needs to be seen as an input for empowerment, and not just for employment only. For instance, in the context of self- help organizations and networks, such training would imply that learning is not only generated in the process of production, but also takes place through other external mechanisms such as `learning by negotiating' and `searching for openings'. Learning would imply a process of becoming aware of the potential of a network or cluster of enterprises to solve problems, and acquiring those competencies that are needed to implement solutions. Additionally, especially in informal economy, the concept of skill development would need to build up capabilities to shift from one profession to another, to obtain the freedom to makechoices without losing status. Essentially what is required is the freedom to grow, to choose a career and develop it. The paradigm shift from skill and training for employment to skill and training forempowerment is closely linked to the notion of decent work.
There are two ways to look at knowledge and skills and their extension to innovation, and then entrepreneurship - the formal or organized sector, and the
As a result, the informal sector is open to unethical practices including corruption, worker exploitation, and natural environment abuse to name just a few. There is strong debate among academicians and policymakers about whether informal entrepreneurs should be assisted or legitimatized, if yes what will be monitoring mechanism for this sector. Hence, a deep understanding of the phenomenon is vitally