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...Introduction and overview sandrine cazes head employment analysis research unit international labour office sher verick senior specialist ilo decent work team for south asia perspectives on economics development in developing countries markets play a central role determining economic social progress since status is one of the key determinants exiting poverty ultimately having well paid secure job most sustainable path to increasing incomes consumption levels however reality formal economy that market fails create jobs needed help individuals their families prosper rather tend be characterized by persistence informality urban areas continu ing share workers subsistence agriculture low pay poor working conditions along with disparities women youth other specific segments society face despite better growth many over recent decades these chal lenges remain as pressing governments across world they did when w arthur lewis presented his model surplus years ago more concerning fact coun tries...