New Opportunities in the Platform Economy: On-ramps to Formalization in the Global South

Gregory Randolph and Hernan Galperin –research partners of the Future of Work in the Global South initiative– presented at T-20 Japan 2019 a policy brief featuring the opportunities for formalization brought by the platform economy.

Gregory Randolph and Hernan Galperin –research partners of the Future of Work in the Global South initiative– presented at T-20 Japan 2019 a policy brief featuring the opportunities for formalization brought by the platform economy.

According to the authors, as the platform economy expands at exponential rates, policymakers in the Global South have a unique opportunity to translate the aggregation of workers through digital platforms into a more formalized labor market – with both opportunities for revenue collection and higher quality employment.

Realizing this opportunity requires a collaborative ‘co-regulation’ approach, with information-sharing between governments and firms; updated systems of labor market data collection; development of context-appropriate categories of employment; and proactive approaches to taxation and social protection provision.