Abstract
Provides an overview of the phenomenon of the informal economy, its impact on the attainment of decent work for all workers and employers and the ILO’s approach to the transition to formality, as set out in the 2002 Conclusions. Looks at the regulatory environment relating to the informal economy at the international and national levels, with examples of existing laws and practice from different regions, legal systems, traditions and circumstances adopted by ILO constituents to ensure a progressive transition to the formal economy. Examines the need for an integrated policy framework, encompassing the ILO’s four strategic objectives (fundamental principles and rights at work, employment, social protection and social dialogue) adapted to the national context of each member State for a progressive transition to the formal economy and decent work.