Structural Adjustment, Labour Markets and Employment Policy

Author(s):  
John Toye
Author(s):  
Pauline Leonard ◽  
Rachel J. Wilde

This chapter provides an overview of the book by drawing out four key themes which emerged through the chapters as of key significance for understanding youth employability in the United Kingdom: regionality, social inequality, liminality and risk. Taking each of these in turn, the chapter demonstrates how the pervasive force of neoliberalism shapes youth employment policy and youth labour markets in the diverse regions of the UK. In order to ‘get in’ and then to ‘get on’, Britain’s young people must demonstrate neoliberal qualities such as individualisation, responsibilisation and resilience to risk. At the same time, the ability to perform this version of the self is powerfully shaped by social structure.


2004 ◽  
Vol 24 (2) ◽  
pp. 147-168 ◽  
Author(s):  
STEPHEN J. SILVIA

Now that time has passed since the introduction of the euro as a commercial currency, it is possible to assess many arguments made in the abstract during the 1990s about European monetary union. This article shows that the euro zone still falls short as an optimal currency area in most respects. In particular, it undertakes an empirical analysis of the labour market and finds no progress toward flexibility or integration. These results challenge assertions of ‘endogenous currency area’ proponents that the euro area would become optimal ‘after the fact’, and that labour markets would serve as the principal avenue of adjustment. Instead, a ‘rigidity trap’ has developed in the euro area, consisting of relatively tight monetary policy, forced fiscal consolidation, and a risk of deflation in some economies. These conditions have compounded the difficulties of structural adjustment in European labour markets.


2019 ◽  
Vol 65 ◽  
pp. 07002
Author(s):  
Stanislava Pasieka ◽  
Anna Pasieka ◽  
Mariana Bil ◽  
Oleksandra Humeniuk

The article focuses on the main trends of innovation change effects on the labour markets and employment, value and mental characteristics, relation formation, regulation mechanisms, competitive relations, the distribution of rights and movement freedom, leading the formation of a new era of “the planet man” development. The world trends in the development of the labour markets and employment are analyzed. The ratification dynamics of international regulatory legal documents in the field of the world employment in 2006-2017 is investigated. Over 8,000 ratifications are found to be carried out by different states in 2017. This indicator increased constantly, gaining the highest rate acceleration in 2011-2012. Based on the United Nations Human Development Report, the polarization of the world's countries in terms of employment and unemployment (including among young people) is studied, with shares of employees less than $ 3.10 of PPP per day. The lack of a direct correlation between the Human Development Index and the employment rate is established: the highest employment rate is found for a group of countries with a low index; it means that the improvement of the state employment policy should be oriented towards qualitative indicators. The structure of the employed by status is analyzed. On average, 54.8% of the world employed population is found to work on the basis of employment, and the higher the level of state development, the higher the proportion of such individuals. The analysis of GDP indicator per capita employed shows the high polarization of the modern world: the difference between countries with high- and low-income levels is about 25 times; this indicator for Ukraine is 47% of the world average and 18% of high-income countries. As a generalization of the analysis, the main problems of the development of the global labour market are considered and ways of their solution are proposed.


1993 ◽  
Vol 32 (4II) ◽  
pp. 1213-1223
Author(s):  
Israrul Haq

The National Manpower Commission (1987-89) in order to meet the unemployment situation envisages generation of an additional l.25 Million work opportunities annually. It envisages an employment target within the macroeconomic framework of a growth rate in GNP at around 8 percent annually. The NMC recommendations were cast within the following parameters. General StrategylParameters (a) Labour force is growing at more than 3 percent annually (the NMC puts it at 3.3 percent) alternatively more than one and a quarter million new people would be entering the labour market every year during 1990s. (b) An annual real G.N.P growth rate of about 8 percent on the present sectoral pattern would be just about sufficient to meet the employment target. (c) The direct employment creating policies can serve to top up the contribution of overall economic growth and cannot be a substitute for it. (d) As a medium term objective-an increase in the capital formation in the economy from 18-19 to 23-24 percent would be necessary. (e) The Commission believes that structural adjustment toward market resource allocation is compatible with high employment policy. (1) Agriculture should no longer be a passive absorber of the rural labourmajor responsibility for labour absorption must shift to sectors other than agriculture. (g) The. small-scale sector must be recognised as the leading sector for employment generation-this recognition must be duly reflected in credit policies and marketing facilities. However, the employment promotion potentials of large industrial enterprises must also be fully realised. Towards this end, it has identified following seven industries: (i) Engineering; (ii) electronics; (iii) textile specially ready made garments;


Author(s):  
M. Rodwan Abouharb ◽  
David Cingranelli

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