The paper has made an attempt to analyze the effects of liberalized trade and investment policies on welfare and open unemployment in a developing economy in terms of a three sector Harris-Todaro type general equilibrium model. Following empirical evidence it is assumed that there is wage...

This book provides insight into the diverse aspects of the informal sector, its role in the context of unemployment, child labor, globalization and environment, as well as its multi-faceted interaction with the other sectors of the economy.

Foreword (by Sugata Marjit, Reserve Bank of India Professor of Industrial Economics and Director, Centre for Studies in Social Sciences, Calcutta (CSSSC), Kolkata, India) -- Chapter 1. Role of FDI in Developing Countries: Basic Concepts and Facts -- Chapter 2. General Equilibrium Models:...

Theoretical Foundations: A General Equilibrium Approach -- The Harris-Todaro Migration Model and Introduction of the Informal Sector -- Informal Sector and Open Unemployment -- Foreign Capital Inflow, Informal Sector and Welfare -- How and How Far to Liberalise a Developing Economy -- Economic...