policy makers. In the short term, the first priority should be to increase the benefits of formalization through training … benefits. In the medium term, the priority is to simplify formalization, regulatory and taxation procedures and reduce their …, employment, and, formalization.--Publisher's description …

integrated policy response. While no single 'sufficient' policy tool will be likely to increase formalization significantly, a … combination of policies may move the economy to a new equilibrium with higher formalization. The report discusses the need to … the public on the costs of informality and the benefits of formalization. This report is organized in six chapters. The …