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April 8, 2025El Comercio

Do informal entrepreneurs want to formalize? Wishful thinking versus reality, by Miguel Jaramillo

“The problem is not registering, the problem is living every day in formality. As long as the burdens associated with being formal are not rationalized, formalization will be nothing more than a nice wish that succumbs to reality.”

Based on rigorous evidence, our Senior Researcher Miguel Jaramillo explains why formalization is not desirable for microentrepreneurs.

Read his full article in El Comercio here.