Globalisation and rapid technological change have radically transformed labour markets, affecting the lives and prospects of billions of workers. Those in the informal economy, the vast bulk of the workforce in the Global South, have been bearing the brunt.

The Global Informal Workforce is a fresh look at the informal economy around the world and its impact on the macroeconomy. The book covers interactions between the informal economy, labor and product markets, gender equality, fiscal institutions and outcomes, social protection, and financial inclusion. Informality is a widespread and persistent phenomenon that affects how fast economies can grow, develop, and provide decent economic opportunities for their populations. The COVID-19 pandemic has helped to uncover the vulnerabilities of the informal workforce.

This report adds two perspectives on informality. It disassembles the mechanics of the deleterious links between informal employment, low-paying work and low skills. It shows that informal employment is highly persistent, and that the vulnerability of informal workers is passed on to their children in the absence of adequate education, skills and social protection policy.

This book explores the process of grassroots innovation in the context of the Global South. It explains why these bottom-up solutions developed by common people are generated due to a lack of available or affordable technology to meet their needs and how they are included in the mainstream imagination of the economy by studying these innovations in India. It analyses the grassroots innovation process from idea generation to its implementation. Detailing both theoretical and practical dimensions of grassroots innovation, the book provides a holistic understanding of the phenomenon by tracing its history in the pre-independence discourse on development to the present-day policies for institutionalizing these innovations in the mainstream. It will provide the readers with a bottom-up commentary on innovation and development in the context of the Global South in general and India in particular. It adopts a qualitative research design with a wide range of data collected through interviews, participant observations, and field notes. The book contains seven chapters to describe the discourse, policy perspectives, and current practice of grassroots innovations in general. The interdisciplinary, timely book provides thoughtful analysis for scholars and upper-level students in the fields of technology and innovation management, development studies, and public management.

Westra explores a nuanced literature on post-capitalism which claims that instead of constituting the end of history or ending in its supplanting by socialism, capitalism has transmuted into something else. Foci of this literature ranges from questions of financial system and technological change through evidence of shifting class contours metastasizing a more predatory constellation. In exposing the dire consequences for humanity of capitalist unravelling, Westra remedies the lacunae of current writings which leave fundamental questions of what precisely capitalism is or was and the historical delimitations of capitalism unanswered. He not only critically analyzes the arguments over capitalisms passing under key rubrics of financialization, globalization, intangible assets and social class, but grounds determinations over the existence of capitalism in a novel synthetic definition of it drawn from Marx. While capitalism has always been an exploitative, asymmetric wealth distributive, alienating, class divisive, crises ridden society, Westra explains how current economic transmutations undermine what coherence capitalism had historically maintained. This book, written in a clear and compelling fashion, is a clarion call for social change. It will be of interest to academics and students across fields of economics, political economy, economic history, political science and sociology as well as to progressive policymakers and social activists.

The report explores a critical policy area for the region, the care economy. Stressing the gendered, informal, and unpaid dimensions of care, it draws on social, demographic, educational and economic evidence to forecast a growing demand for care services in Southeast Asian countries.