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Labor Market Reform and Job Creation: The Unfinished Agenda in Latin American and Caribbean Countries (Directions in Development) by J Luis Guasch; NetLibrary, Inc is a nonfiction available to read on EtoBox.

What is Labor Market Reform and Job Creation: The Unfinished Agenda in Latin American and Caribbean Countries (Directions in Development) about?

This book was written to encourage a call for comprehensive labor market reforms—part of the unfinished agenda that is sometimes called the ''second generation of reforms.'' These reforms are difficult: workers worry that their jobs may be put into jeopardy and, especially in economies where safety nets are inadequate, these concerns are real. Successful labor market reforms must thus be complemented with strengthening of the safety nets and—perhaps most importantly—with macroeconomic policies that sustain robust growth, particularly in the sectors that are likely to give rise to substantial job creation. The kinds of economic policies that some countries have pursued, especially in response to the financial crises of recent years, have led to economic contractions that contribute to a self-defeating and vicious cycle. Without growth, workers are unwilling to accept reforms that have a high risk of condemning them to extended periods of unemployment. But without the reforms, it is hard to generate high growth. Thus, meaningful work on the second generation of reforms— including reforms in the labor market—can only move forward aggressively in an economic climate in which government

Who reads Labor Market Reform and Job Creation: The Unfinished Agenda in Latin American and Caribbean Countries (Directions in Development)?

Author

J Luis Guasch; NetLibrary, Inc

Publisher

World Bank Publications

Published

1999

Language

EN

ISBN

9781280004926

Category

nonfiction

Subjects

Political Science, Business, Economics