The informal economy is responsible for a large share of economic output across the continent. Yet economic policy is almost always designed for the formal economy and overlooks the informal economy.
We are labour-market economists interested in the informal economy and informal work. We have spent the last two years investigating the concept of an economic policy for informal workers. We spent several months interviewing informal traders, traders’ associations and key stakeholders. Our aim was to better understand their challenges, and to inform the development of an economic policy for informal trading.
Drawing on our research partnership with Women in Informal Employment Globalising and Organising, we argue that rethinking economic policy from the perspective of the informal economy is essential.