By Sandrine Cazes
The previous few a long time have witnessed the industrial and geopolitical upward thrust of a few huge middle-income nations that experience, to various levels, launched into a speedy route to financial improvement. regardless of the industrial growth made, notwithstanding, advancements within the exertions marketplace haven't been as impressive.
This quantity specializes in the exertions industry occasions, traits, and rules in those rising economies. The authors study how they've got handled either non permanent concerns, specifically the worldwide monetary drawback, and longer-term structural demanding situations. Informality, operating poverty, and weak employment remain the norm for many employees in those countries.
Part I compares hard work marketplace traits and the institutional and regulatory environments, referencing a variety of international locations together with China and India. half II contains in-depth case reviews of Brazil, Indonesia, South Africa, and Turkey. total, the amount exhibits that international locations with potent rules and associations in position are greater built to take on exertions marketplace challenges.
Copublished with Palgrave Macmillan
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Extra resources for The Labour Markets of Emerging Economies: Has Growth Translated into More and Better Jobs?
Example text
Beforehand, these countries had been referred to as ‘developing countries’ or the ‘third world’. In this context, van Agtmael wanted to highlight the business and investment opportunities in these economies rather than seeing them more negatively as just countries with backward and poor populations. In 2001, Jim O’Neil of Goldman Sachs coined the acronym ‘BRICs’, a grouping Introduction 17 of Brazil, the Russian Federation, India and China. O’Neil predicted that the BRICs would overtake the six largest advanced economies by 2041 (which has since been revised downwards).
However, most policies did not specifically target the issue of discouragement and job search. In 2010, the South African government announced the latest policy initiative, the ‘New Growth Path’, which focuses on how and where to create jobs. Though addressing insufficient labour demand is indeed a critical issue, this needs to be supplemented with policies that tackle the supply side, namely the problems of inadequate skills, work experience and spatial inequalities. Chapter 7: Strengthening the Turkish Labour Market through More Efficient Labour Regulations Based on both aggregate labour market statistics and labour force survey micro-data, this chapter provides an in-depth review of the Turkish labour market over the decade 2001–2010.
Many people continue to live in rural areas and rely on small household plots and subsistence farming, while an increasing number have left for urban areas and to seek their fortunes in other countries. Another common feature is the presence of gender disparities as reflected by low female labour force participation in some countries (notably in India and Turkey), under-representation in industry and overrepresentation in informal employment in most economies. Other labour market inequalities exist for such groups as youth, as noted above, and some segments of society that have been excluded from benefiting from economic gains such as the black African population in South Africa and Brazil and the scheduled castes and tribals in India.