Thematic Labour Overview 1: Transition to Formality in Latin America and the Caribbean.

Informality is a large-scale situation with multiple causes; at the same time it is highly heterogeneous, and is characterized by an acute shortage of decent work. Most people who work in the informal economy are exposed to inadequate and insecure working conditions are unskilled and have few opportunities for training.

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This report looks at recent data to analyze the main characteristics of informal employment in the region, and the most notable public policy initiatives in course in several countries of Latin America and the Caribbean. A systematic analysis of the phenomenon, and the generation of greater knowledge about policies and their outcomes, will enable the region to make a swifter transition from the informal to the formal economy.

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OIT. Oficina Regional para América Latina y el Caribe.