Designing adaptive worker protections for the digital economy
The rapid digitization of work in the informal economy offers an opportunity to increase women’s participation in the labor force. However, women continue to grapple with a disproportionate burden of unpaid work at home. Thus, any tangible increase in women’s participation in the labor market will call for adequate social protections that reduce this burden. This blog discusses the importance of reimagining the social protection architecture for the digital economy.
May 23, 2023
May 23, 2023
Transitioning the informal economy to a formal one
Developing countries often prioritize the formalization of enterprises in their MSME development policies. The benefits of formalization include increased access to credit, higher productivity, and better social protection, while governments gain from a higher tax base. However, informality continues to persist despite these apparent benefits. This blog stresses on the need to modulate our approach to formalization of the informal economy and explores three principles on how the digital economy can enable this process.
May 18, 2023
May 18, 2023