The Mechanics of Job Creation : Seizing the New Dividends of Globalization

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2013-10
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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.Citation
“Monga, Célestin. 2013. The Mechanics of Job Creation : Seizing the New Dividends of Globalization. Policy Research Working Paper;No. 6661. World Bank, Washington, DC. © World Bank. https://openknowledge.worldbank.org/handle/10986/16877 License: CC BY 3.0 IGO.”
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