The Global Informal Workforce: Priorities for Inclusive Growth

Books, July 23, 2021

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The Global Informal Workforce: Priorities for Inclusive Growth

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Bibliographic details

• Published: July 23, 2021
• Series: Books
• DOI: https://doi.org/10.5089/9781513575919.071

Overview

• The Global Informal Workforce is a fresh look at the informal economy around the world and its impact on the macroeconomy.
• The book covers interactions between the informal economy, labor and product markets, gender equality, fiscal institutions and outcomes, social protection, and financial inclusion.
• Informality is described as a widespread and persistent phenomenon that affects how fast economies can grow, develop, and provide decent economic opportunities for their populations.
• The COVID-19 pandemic has helped to uncover the vulnerabilities of the informal workforce.

Major Themes Covered

• Interactions between the informal economy and:
  • Labor markets
  • Product markets
  • Gender equality
  • Fiscal institutions and outcomes
  • Social protection
  • Financial inclusion
• Role of technology and mobile banking in relation to informal workers.
• Geographic and demographic focus areas implied by subject and keyword listing:
  • Regions: Caribbean, Central America, South America, Sub-Saharan Africa, Global
  • Groups and topics: Women, Labor markets, Shadow economy, Financial inclusion

Key Findings and Observations (as stated)

• Informality is widespread and persistent.
• Informality affects growth, development, and the provision of decent economic opportunities.
• The COVID-19 pandemic exposed vulnerabilities of the informal workforce.

Focus Areas / Policy Priorities (as framed by the publication title and description)

• Priorities for inclusive growth oriented around addressing informality’s interactions with:
  • Labor and product market dynamics
  • Gender equality and women’s economic participation
  • Fiscal institutions and tax/transfer outcomes
  • Social protection coverage and adequacy
  • Financial inclusion and access to mobile banking/financial services

Content in this bundle

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