Future of Work, Emerging Sectors and the Potential for Transition to Formality
The paper aims to better understand the importance of emerging sectors within the ILO’s Future of Work initiative in the transition to the formalization of informal workers (including informal units). It analyses the potential and the limitations of emerging sectors with potential for formal jobs creation, the opportunities within them to support transition to the formalization of workers and economic units and recommends types of policies that could support their potential for T2F based on recent countries’ experience. The paper pays particular attention to the structural challenges that women and youth face in transitioning from the informal to the formal economy. It also addresses the potential opportunities and synergies of formalization in the context of the transition to a green economy (GE)..