1.
Martha Alter Chen
– Author Is International Coordinator, Wiego Network &lecturer In Public Policy, Hks, Cambridge
2.
Joann Vanek
– Author Is International Coordinator, Wiego Network &lecturer In Public Policy, Hks, Cambridge
Abstract
This paper provides a summary
overview of recent rethinking and
latest data on informal employment,
particularly in developing
countries. The paper begins with
the examination of the two official
international statistical definitions
of the ‘informal sector’ and ‘informal
employment’. It then addresses
the ‘formalization of the informal
economy’ debate and presents a
comprehensive framework for responding
to informal enterprises
and informal jobs. The paper analyzes
why existing labor market
models and regulations need to be
re-examined in the light of the reality
and complexity of informal
employment today. The authors
conclude that employment should
be the cornerstone of the development
agenda and that economic
diversity should be the cornerstone
of the future economy.
