wiegoglobal 149d ago

Transitioning from the informal economy to the formal economy is essential for achieving decent work for all—but how do we get there? This video explains a rights-based approach to formalization, including practical solutions for specific sectors and forms of employment. You will learn: The Statistics: How many people work in the informal economy? The Definition: What is formalization? The Drivers: Why do people work in the informal economy? The Solutions: How to adapt labour laws and policies to respond to the needs of specific sectors and forms of employment. The Goal: Ensuring economic and social policies create decent work, reduce risks and leave no one behind. 0:00 - Introduction 0:22 - How many people work in the informal economy? 0:40 - What is formalization? 0:52 - Examples of rights-based formalization measures 2:05 - Sector-specific formalization strategies to achieve decent work #InformalEconomy #DecentWork #Formalization Your questions on formalization answered at: https://www.wiego.org/informal-economy/faqs-formalization/