World Bank Online Morning Seminar # 107 “The Long Shadow of Informality: Challenges and Policies”

A surprisingly high percentage of workers and businesses are operating outside the line of fire of governments in emerging and developing market economies (EMDEs) – a challenge that is likely to hold back the recovery in these economies unless governments are adopting a comprehensive set of policies to deal with the disadvantages of the informal sector, according to a new study by the World Bank Group.

The study, The Long Shadow of Informality: Challenges and Policies, is the Bank’s first comprehensive analysis examining the extent of informality and its implications for an economic recovery that supports long-term green, resilient and inclusive development. He finds that the informal sector accounts for over 70 percent of total employment – and almost a third of GDP – in EMDEs. This scale diminishes the capacity of these countries to mobilize the fiscal resources necessary to support the economy in a crisis, conduct effective macroeconomic policies and build human capital for long-term development.

At this seminar, the report writers, Franziska Ohnsorge, Manager, Prospects Group, and Shu Yu, Senior Economist, Prospects Group, will present the main findings of the report. This seminar will be held in English without translation into Japanese.

Date hour :

8 am-9am Friday June 4, 2021 (Japan Standard Time)

Live Stream URL:

https://youtu.be/4QzrYX-ULyY

Questions to the speakers:

Please send your questions to the speakers via the online form displayed on this web page.

Loudspeakers

Franziska Ohnsorge
Manager, Prospects Group, World Bank

Franziska Lieselotte Ohnsorge is Head of the Prospects Group within the Fair Growth, Finance and Institutions (EFI) Practice Group of the World Bank. Prior to joining the World Bank, Franziska Lieselotte Ohnsorge worked in the Office of the Chief Economist of the European Bank for Reconstruction and Development on regional surveillance, forecasting and financial sector policy issues. She was previously at the International Monetary Fund, covering a range of Asian, European and Central Asian economies. She has published on various topics.

Shu Yu
Senior Economist, Prospects Group, World Bank

Shu Yu is an economist at the World Bank’s Prospects Group. His main research interests are in international economics, development economics and political economy. Prior to joining the World Bank, Shu was a postdoctoral fellow at the University of Rochester and worked at the IMF and the Conference Board. She holds a PhD in Economics from the University of Groningen and a BA in Economics from Fudan University. His recent articles include work on China’s foreign direct investment, long-term stability and growth, and the impact of institutional quality on trade.

Presentation material:

The long shadow of informality: challenges and policies (PDF)

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