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Tag Archives: jobs

Making the Euro Area More Resilient Before the Next Recession Hits

By Shekhar Aiyar, John Bluedorn, and Romain Duval Español, Français, Português Growth in the euro area rebounded earlier this year, but it remains fragile, while risks have increased. Now is a good time for euro area economies to strengthen their ability to weather any future economic difficulties. A new IMF staff paper looks at the resilience of euro area countries and finds that they have had more frequent and severe recessions than other advanced economies over the past 20 years. An...

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To Reduce Inequality, Employ Young People

Burcu Hacibedel and Priscilla Muthoora Español, Português Rising economic growth has reduced inequality in low-income and emerging market countries over the years. In good economic times, young people working helps reduce inequality in both groups of countries. But when growth slows down and jobs are lost, more young people out of work in low-income countries leads to a rise in inequality.  In emerging markets, the story is a bit different and we’ll explain why. The results in our...

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How to Help, Not Hinder Global Growth

By Christine Lagarde As the G-20 finance ministers and central bank governors gather this week in Fukuoka, they can take inspiration from their host city. Known as Japan’s “startup city,” Fukuoka has flourished in recent decades by embracing trade, innovation, and openness. That spirit is needed more than ever to help reduce trade tensions and clear other stumbling blocks on the way back to higher and more sustainable growth. The goal must be to help, not stand in the way of global growth....

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Designing Labor Policies to Foster Inclusive Growth in Emerging Markets

By Romain Duval and Prakash Loungani Emerging market economies have enjoyed good growth in recent decades but are still far from closing gaps in living standards with advanced economies. Emerging markets also need growth to be shared by everyone, particularly by providing their growing populations with good jobs and social protection. In a new IMF staff paper, we look at how the design of labor markets—institutions and policies—could foster inclusive growth in these countries.    ...

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Economic Forces, Not Tariffs, Drive Changes in Trade Balances

By Johannes Eugster, Florence Jaumotte, Margaux MacDonald, and Roberto Piazza عربي, 中文, Español, 日本語, Português New IMF research finds that macroeconomic factors, not tariffs, explain most of the changes in trade balances between two countries. Bilateral trade balances (the difference in the value of exports and imports between two countries) have come under scrutiny recently. Some policymakers are concerned that their large and rising size are the result of uneven measures that distort...

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Chart of the WeekChina’s Digital Dividend

By Longmei Zhang and Sally Chen Digitalization has created millions of new jobs in China, accounting for between one-third and one-half of employment growth in the world’s second-largest economy. Our Chart of the Week shows employment in two sectors: information and communications technology (ICT) and retailing. ICT added 14 million new jobs for high-skilled workers in the five years through 2016, and the average wage doubled. But ICT is just one part of a much larger picture. E-commerce...

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Unlimited Opportunities: Creating More Jobs for Young People in Emerging Market and Developing Economies

By Christine Lagarde and John Bluedorn عربي, Español,Français, Português, Русский “To define is to limit,” Oscar Wilde once said. But sometimes economists need to use definitions to see the scope of a problem and find ways to lift the limits to success. This is especially true for young people in emerging markets and developing economies. We know that young people are essential to economic development and growth. They make up approximately one-third of the working-age population in the...

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Chart of the Week: Sub-Saharan Africa’s Growth—A Tale of Different Experiences

By IMFBlog December 13, 2018 Villagers of Moruleng mining community in South Africa; Sub-Saharan Africa countries can see an increase in growth by relying less on commodities and more on non-resource intensive investments. (Photo: SIPHIWE SIBEKI/Reuters/Newscom) The story of Africa’s growth rate over recent years is a tale with several story lines.  Key to the tale is the degree of dependence on commodities.  Our Chart of the Week shows how the greater a country’s reliance on...

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The Uneven Path Ahead: The Effect of Brexit on Different Sectors in the UK Economy

By Jiaqian Chen December 4, 2018 中文, Русский A UK border agency worker holds a passport: As a member of the European Union, free labor mobility has enabled the UK to hire talent from across the EU (photo: Mac Gregor/Reuters/Newscom) The United Kingdom is set to leave the European Union in March 2019. Our research suggests that all likely Brexit outcomes will entail an economic cost for the UK, and these costs would be unevenly spread across different sectors and regions. The UK’s...

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Women, Technology, and the Future of Work

By Era Dabla-Norris and Kalpana Kochhar November 16, 2018 Women are currently underrepresented in fields experiencing job growth, such as engineering and information and communication technology (photo: Vgajic/iStock by Getty Images) The way we work is changing at an unprecedented rate. Digitalization, artificial intelligence, and machine learning are eliminating many jobs involving low and middle-skill routine tasks through automation. Our new research finds the trend toward greater...

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