Issues relating to employment and labour have once again come to the fore of global policy debates in the wake of the widespread unemployment that has accompanied the current financial crisis. In the developing world, there is a growing realization that productive employment promotion and social protection have to be at the core of inclusive growth and development.
This book supports the view that employment is a cross-cutting issue shaped by macroeconomic and microeconomic policy interventions, and provides a capacious framework to analyse the complexity of this global debate. It covers a wide range of issues that have received insufficient attention in the discourse of development and labour economics. These include the impact of macroeconomic policies on employment, labour rights, the development of human capabilities and employability, youth employment, the benefits and costs of labour market flexibility, and the importance of social protection for all.
This important book aims at filling this gap by revisiting old debates and reconnecting them to the contemporary context, combining analyses with relevant empirical evidence. It will appeal to a diverse readership of academic institutions and think-tanks, international organizations, bilateral donors working on development issues and policy-makers in developing countries.
"Islam and Islam—two widely-published advocates for more equitable job creation,especially in the Third World—identify two sets of issues that have reinstated employment to a more prominent place in the development agenda."- Chris Manning, Australian National University, in Asian Pacific Economic Literature.
"…the book makes an important contribution to our thinking and action to reduce inequality and the scourge of poverty. This makes it both an essential read for those interested in labour relations as well as economic development, and as a useful research reference and important teaching text for tertiary labour or development-related courses." - Michael Johnson, The University of New South Wales, Australia, in The Economic and Labour Relations Review 2015.
1. Introduction 2. Employment and Inclusive Growth: A Development Perspective 3. Macroeconomic policy, growth and employment 4. Structural transformation and productive employment creation: alternative pathways 5. Rights-based Approach to Employment 6. Human Capital and Inclusive Development 7. Youth Employment 8. Labour market flexibility, informality and employment 9. Labour Market Risks and Social Protection 10. Conclusions and a way forward