Informality has been a persistent feature of Arab economies. In recent years, the shift to informality has been on the rise, featuring evolutions that make its negative impact even harsher on the society and the economy.
We approach informality from the worker’s perspective, starting with the necessary preconditions for specific policy recommendations. The proposal emphasizes the importance of combining the right incentives and sensible checks and balances.
The incentives typically work on two parallel tracks: slowing down the pace of informality and tackling the stock through a set of well-integrated policies.
Original Document Source: T20 Saudi Arabia
