Labour law, the business environment and growth of micro and small enterprises - Sri Lanka
S. P. F. Senaratne, Manitha Weerasuriya
Abstract
S. P. F. Senaratne, Manitha Weerasuriya
Abstract
This study was conducted to support the ongoing policy dialogue in Sri Lanka on strategies to support the formalization of the informal economy. While informal economy issues affect entrepreneurs and workers alike, this study focuses on the enterprise side of informality. It is part of a series of four country studies commissioned by the ILO to research the impact of labour laws and the cost of regularization on entrepreneurs’ decisions to formalize their business. The countries covered by this research are India, Nepal, Bangladesh, and Sri Lanka.
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This study was conducted to support the ongoing policy dialogue in Sri Lanka on strategies to support the formalization of the informal economy. While informal economy issues affect entrepreneurs and workers alike, this study focuses on the enterprise side of informality. It is part of a series of four country studies commissioned by the ILO to research the impact of labour laws and the cost of regularization on entrepreneurs’ decisions to formalize their business. The countries covered by this research are India, Nepal, Bangladesh, and Sri Lanka.
Key concepts: Sri lanka, Informal sector, Developing country, Economic growth, Business, Economy, Development economics, Economics