The majority of workers in the developing world cluster in small and medium‐sized enterprises in the private sector. They may be own‐account workers in services or agriculture, or employees in small and medium‐sized firms in manufacturing. Some
of these enterprises are informal and unregistered, others are fully integrated into the national tax base, reporting income and expenditures and complying with laws and regulations that govern hiring, firing, production and sales. Whatever their status as enterprises,
these economic activities are critical for workers and owners alike.