"One of the fastest growing economies in Latin America, Lima is in many ways a success story. Since 1960 the population of the metro area has quadrupled, and in that time, poverty has decreased, the middle class has expanded, and the city has modernized. But workers in Lima’s vast informal sector, in which 50 to 65 percent of residents make their living, haven’t benefited from this growth to the same degree as the formal workforce. By some estimates, informal workers’ incomes in Lima are falling, and half of the city’s population is impoverished.
[...] even Lima residents who don’t live in informal settlements or work in the informal economy are touched by both in their daily lives. From public transportation to bootleg DVDs, many goods and services in Lima are procured informally. As the city works to achieve a sense of balance and mutual respect between both sectors, the population at large could benefit enormously."
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Published by The Informal City Dialogues.
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