The BRICS partnership, consisting of Brazil, Russia, India, China, and South Africa, has the potential to significantly impact the lives of millions of people worldwide. The alliance aims to ensure that economic growth and decent work opportunities are distributed more equitably among disadvantaged groups.
The informal sector comprises a significant portion of the workforce in BRICS countries, with 62% of workers employed in this sector. However, the lack of formal training and education creates a skills gap and results in low productivity and work deficits. To promote decent work and reduce poverty, it is crucial to address this skills gap and incentivize a transition to formality.
