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Sortir de la nouvelle normalité de faible croissance by Michael Spence - Project Syndicate
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Feedback If you need help or have a question for Customer Service, contact us. Would you like to report poor quality or formatting in this book? This paper estimates the volume of informal trade between Algeria and Mali and analyzes its determinants and mechanisms, using a multi-pronged methodology.
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First, the authors discuss how subsidy policies and the legal framework create incentives for informal First, the authors discuss how subsidy policies and the legal framework create incentives for informal trade across the Sahara. Second, the authors provide evidence of the importance of informal trade, drawing on satellite images and surveys with informal traders in Mali and Algeria. The authors estimate that the weekly turnover of informal trade fell from approximately United States U.
Profit margins of percent on informal trade contribute to explaining the relative prosperity of northern Mali.