Determined efforts are indispensable to dispelling shadows in which informal economic activity exists. But national policymakers cannot hold the light alone
If it is true that we live in a global village, bound to one another through commercial, financial and social ties, then it is also true that informal economic activity in one part of the world has a negative impact elsewhere. That means that formalizing every economy should be viewed as a global public good. The G-20 and other international entities should take the lead in ensuring the coordination and cooperation needed to provide it.