Informality and Globalisation
In Search of a New Social Contract
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Globalisation and rapid technological change have radically transformed labour markets, affecting the lives and prospects of billions of workers. Those in the informal economy, the vast bulk of the workforce in the Global South, have been bearing the brunt. This report is for policy makers seeking to address the factors that make those workers in informality vulnerable. It provides them with a distinctive cross-country comparison of recent informality trends, and how they were affected by the recent crises such as the COVID-19 epidemic, casting light on the impacts of sub-contracting models in global value chains, and digital labour platforms. It argues that an inclusive recovery and greater resilience to future crises necessitate that many countries renew their social contracts, to make them more inclusive of informal workers and their families.
Editorial
We are midway to the 2030 deadline for the Sustainable Development Goals (SDGs). When global leaders signed off on the SDGs in 2015, they promised to leave no one behind. This year, when they gather to take stock at the UN SDG Summit, they will find that billions of people worldwide remain marginalised and that much remains to be done on the road to sustainable development.
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