ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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World Employment ILO Perspective

Errol D'Souza The ILO report on World Employment 1996-97 attempts to understand unemployment in the light of globalisation and technological change in the major economic regions of the world. It takes a positive view of globalisation as promoting efficiency and enabling high-productivity, high-wage jobs. The report does not hold labour market rigidities as responsible for unemployment in either industrialised or developing countries. The macro-economic environmentappropriate fiscal policy, wage setting institutions, and welfare programmes is seen as central to growth and employment creation. The report downplays the fact that there is tittle room for fiscal manoeuvre in most countries so that interest rates may rise or that debt-deflation or the size of the welfare state may be responsible for the economic downturn in industrialised Countries, Moreover, balanced growth is not a good option for developing countries as it results in enlarging low- paid, dead-end, informal sector jobs.

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