OPPORTUNITIES AND CHALLENGES OF THE GIG ECONOMY IN DEVELOPING COUNTRIES

Abstract

The gig economy has grown quickly in many developing countries because of digital development, wider smartphone use, and stronger connection to the global labor market. This article analyzes the main benefits and difficulties connected with gig work in developing economies.While gig platforms create employment opportunities, enhance flexibility, and foster entrepreneurship, they also raise concerns related to job insecurity, lack of social protection, income instability, and regulatory gaps. The study emphasizes the importance of balanced government policies that ensure worker protection while also promoting innovation and economic development.