Enhancing social participation for combating labour market crisis
The global crisis has deepened and most industrialized and developing countries have faced the risk of a prolonged labour market recession that can lead to a catastrophic rise in unemployment and decline in real wages. Several countries have used neoclassical tools to lessen the labour market and so...
Guardado en:
| Autor principal: | |
|---|---|
| Formato: | Text draft Doc. de trabajo / Informes |
| Lenguaje: | Eng |
| Publicado: |
CLACSO
2015
|
| Materias: | |
| Acceso en línea: | http://biblioteca.clacso.edu.ar/gsdl/collect/clacso/index/assoc/D10541.dir/OPsursur-Moughari.pdf |
| Aporte de: |
| Sumario: | The global crisis has deepened and most industrialized and developing countries have faced the risk of a prolonged labour market recession that can lead to a catastrophic rise in unemployment and decline in real wages. Several countries have used neoclassical tools to lessen the labour market and social consequences of the crisis; mainly through lowering interest rates to support private investment; but the plans have not succeeded so far; as investment counteracts in the reaction to declining effective demand. While, public work projects, by encouraging social participation in implementing beneficial community-based projects, can be a certain means to stimulate economic recovery and in the meantime to yield maximum employment creation |
|---|