Tackling Informality and Expanding Social Security: Lessons from Latin America
Informal employment remains a defining feature of many developing economies, limiting access to social protection, reducing productivity, and perpetuating inequality. In India, nearly 85 percent of workers operate without formal contracts, health insurance, or pension benefits. Latin America has faced similar challenges, with an estimated 50 percent of workers employed informally in 2023 (ILO, 2024). […]
