Excerpt: The Global Informal Workforce

Editor: Leandro Medina and Ms. Corinne C Delechat

A fresh look at the informal economy around the world and its impact on the macroeconomy.

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Financial inclusion , Fiscal institutions , Fiscal outcomes , Gender equality , Inclusion , Informal economy , Informal workforce , Labor and product markets , Macroeconomy , Social protection

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Summary

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 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.