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Transitioning the informal to the formal economy: a measure to assess readiness and progress

PUBLICATION YEAR: 2024
OUTPUT TYPE: Policy briefs
Print HSRC Library: shelf number 9814409
handle 20.500.11910/23246
This policy brief proposes an indicator framework for measuring formalisation capability, based on an empirically derived understanding of the complex business evolution pathways of informal businesses. The framework identifies a set of conditions that enable informal businesses to operate sustainably in the formal sector, what we call 'sustainable formalisation'.