Tackling Informality for Inclusive Growth in Developing Countries
Many employees in developing nations are stuck in informal employment, with no access to social security benefits or appropriate resources to manage risk for their families. According to recent estimates, 58.1% of women and 63% of men in developing countries work in informal jobs (ILO, 2018). Particularly in the Middle East and North Africa (MENA) region, it is disconcerting to note that almost two out of every three workers have occupations that are not formal. Numerous issues are brought on by the prevalence of informality, including a lack of social protection, restrictions on growth and production, financial constraints, and more complex structural issues. However, growth that is inclusive of all people can be achieved; informality is not a given state. This article examines the issue of informality and suggests key policy measures to address it, with a focus on Egypt, Morocco, and Tunisia.
The MENA region requires targeted interventions to tackle informality and foster inclusive growth. A comprehensive approach should focus on the following key areas:
The informality of the labour market places serious obstacles in the way of social protection, economic development, and equality. Governments can, however, gradually address informality and promote inclusive growth by enacting specific policy measures. Understanding the distinctive causes of informality in the MENA area, particularly in Egypt, Morocco, and Tunisia, is essential for developing workable solutions. The MENA nations may establish an environment that encourages formal employment, boosts productivity, and allows for equitable economic growth by coordinating changes, customising social protection, raising tax revenue, enhancing service delivery, and enacting private sector reforms. Informality may be dealt with, and a road to inclusive development can be realised, with a clear vision and comprehensive policy.
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