Business Schools Ignore the Informal Economy - Why This Should Change Artwork

Dusty Roads

The Dusty Roads podcast is about “Living Life As A Global Citizen.” This podcast will make you think, laugh, cry, and sometimes question life overseas. With over 30 years of experience living and working overseas, Anita shares personal stories, experiences, and humor. The Dusty Road podcast is for anyone interested in travel, the world, being a Global Citizen, culture, life, or what it is like to live and work in a foreign country - especially developing or undeveloped nations. Come ride along with us - The Dusty Road Podcast - as we ride through some bumpy and dusty roads of life. A Bus On A Dusty Road blog sponsors The Dusty Road Podcast; the blog offers excellent content and information on “Living Life As A Global Citizen.” You can find out more by checking our blog at - ABusOnADustyRoad.com

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Dusty Roads

Business Schools Ignore the Informal Economy - Why This Should Change

December 29, 2025 • Deep Dive Team • Season 1 • Episode 20

In this deep dive episode, we explore the urgent need for a fundamental revision of business education curricula. The discussion highlights how business schools often focus too narrowly on preparing students for careers in large, formal organizations, such as Fortune 500 companies, while neglecting the critical role of the informal economy.

This unregulated sector, which includes jobs and enterprises not covered by formal protections, represents over 60% of the global workforce and supports the livelihoods of billions worldwide.

We argue that incorporating the informal economy into business education is essential for equipping future leaders with the knowledge to navigate real-world economic complexities, drive inclusive development, and embrace global entrepreneurship.

Tune in as we examine how universities can bridge this educational gap by integrating informal market topics into specialized and existing courses, fostering more equitable and sustainable business practices.

Read our blog https://abusonadustyroad.com/why-business-schools-should-teach-about-the-informal-economy/

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