Informality And Globalisation In Search Of A New Social Contract

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.

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.

This report adds two perspectives on informality. It disassembles the mechanics of the deleterious links between informal employment, low-paying work and low skills. It shows that informal employment is highly persistent, and that the vulnerability of informal workers is passed on to their children in the absence of adequate education, skills and social protection policy.

The report explores a critical policy area for the region, the care economy. Stressing the gendered, informal, and unpaid dimensions of care, it draws on social, demographic, educational and economic evidence to forecast a growing demand for care services in Southeast Asian countries.

This book explores the process of grassroots innovation in the context of the Global South. It explains why these bottom-up solutions developed by common people are generated due to a lack of available or affordable technology to meet their needs and how they are included in the mainstream imagination of the economy by studying these innovations in India. It analyses the grassroots innovation process from idea generation to its implementation. Detailing both theoretical and practical dimensions of grassroots innovation, the book provides a holistic understanding of the phenomenon by tracing its history in the pre-independence discourse on development to the present-day policies for institutionalizing these innovations in the mainstream. It will provide the readers with a bottom-up commentary on innovation and development in the context of the Global South in general and India in particular. It adopts a qualitative research design with a wide range of data collected through interviews, participant observations, and field notes. The book contains seven chapters to describe the discourse, policy perspectives, and current practice of grassroots innovations in general. The interdisciplinary, timely book provides thoughtful analysis for scholars and upper-level students in the fields of technology and innovation management, development studies, and public management.

Latin America and the Caribbean needs an ambitious and comprehensive investment agenda to embark on a stronger and more sustainable development trajectory. The 16th edition of the Latin American Economic Outlook proposes ways to make this possible through co-ordinated actions by policy makers, the private sector and international partners.

The Brazilian economy rebounded strongly after the Covid-19 pandemic. Resilient domestic demand, supported by social transfers, continues to drive growth. Inflation is decreasing, providing room for further monetary policy easing. However, public debt remains high, calling for a credible fiscal framework and improved spending efficiency.