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View all search resultsWorkforce formalization, while neither a holistic nor one-size-fits-all solution, is becoming increasingly part and parcel of social investment strategies to resolve issues related to meaningful work and decent living standards.
Contract workers are often tasked with performing essential services in sectors such as health care, education and public administration, yet they may lack the necessary support and resources to carry out their duties effectively.
Amartya Sen, for instance, calls for broadening the term "development" beyond the current narrow focus on economic measures such as GDP, thus it should rather be viewed in terms of the real “freedoms” that people can enjoy such as economic facilities and social opportunities.
Our workers are generally ill-equipped to unlock new opportunities, fulfill life aspirations for themselves and their families but also to face ongoing challenges emanating from megatrends of climate change, ageing societies and digitalization.
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