A Public Lecture: Labour Markets and Economic Development
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Fields, Gary S.
[Excerpt] I want to put forward three propositions to you based on decades of work in Asia, Latin America, and Africa. First, economic development can be (but need not be) a win-win-win situation - for businesses, for individuals and groups of individuals, and for governments and non- governmental organisations (NGOs). Second, the labour market can (but need not) serve as an effective mechanism for contributing to economic growth and for transmitting the gains from economic growth. And third, in both of these areas, whether a country experiences the more favorable set of outcomes or the less favorable ones reflects a) its choice of policies, which in turn can be influenced, for better or for worse, by b) how it specifies its economic development agenda.
economic development; labor markets; economic growth; poverty
Required Publisher Statement: ©2006 Sir Arthur Lewis Institute of Social and Economic Studies. Reprinted with permission.