The mechanics of job creation: seizing the new dividends of globalization

Celestin Monga

No 6661, Policy Research Working Paper Series from The World Bank

Abstract: This paper assesses some of the main strands of the theoretical literature on unemployment and employment and shows that their interesting conclusions may not be transferable to low-income countries whose endowment and production structures are profoundly different from that of high-income economies. It then tackles the knowledge deficit on employment creation by shedding light on the new economic opportunities that latecomers may derive from the dynamics of globalization -- especially the economic success of large emerging economies such as China and Brazil. It offers a simple analytical framework for identifying opportunities for labor arbitrage in the global economy and suggests a practical policy framework for exploiting them.

Keywords: Labor Markets; Labor Policies; Economic Theory&Research; Population Policies; Banks&Banking Reform (search for similar items in EconPapers)
Date: 2013-10-01
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Citations: View citations in EconPapers (2)

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