1. FROM INFORMALITY TO FORMALITY
Victor E Tokman
New York, may 8, 2006

2. Present policies: between persecution and recognition
Regulatory systems: common or dual?
How to ease integration:
- Tolerance but complying with fundamental labour rights floor
- Reduction of formality entry costs for all
- Simplify rules and procedures
- Redesign mechanisms of access to formality

3. Formality as a means to inclusion
• taxes  accounting  business improvement
• labour  legal recognition  protection and better practices
• property titles  access to credit
• separation of patrimony  ability to undertake business risks
• streetsellers  lower security costs  demand expansion and stability
An alternative approach to formality
• from the interest of the insiders to the benefits of the outsiders
• reversing the sequency: from obligations to entitlements