Transitioning to the formal economy through technology, or E-formality

New technologies are continuously transforming the world of work. Technology is transforming not only the way we work but also how we work and even why we work, for workers and economic units. The role of new technologies and its relationship with informality has been addressed from different perspectives. For policymakers, it is important to know how new technologies can transform institutional public policies to address informality.

An increasing number of governments are promoting the application of new technologies to simplify and facilitate the transition from the informal to the formal economy. These policy innovations (”e formality”) will transform the way formalization policies will be implemented in the future.