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Tag Archives: labor markets

Short-term Shot and Long-term Healing for Latin America and the Caribbean

By Alejandro Werner, Takuji Komatsuzaki, and Carlo Pizzinelli Español, Português Growth in Latin America and the Caribbean recovered briskly in the second half of 2020, yet still more slowly than the global economy and other emerging markets. That’s despite unprecedented policy support, strong performance of trading partners, soaring commodity prices and accommodative global financial conditions. The persistence of the health crisis in many countries casts a shadow on the near-term outlook....

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Rising Market Power—A Threat to the Recovery?

By Kristalina Georgieva, Federico J. Díez, Romain Duval, and Daniel Schwarz عربي, 中文, Español, Français, 日本語, Português, Русский  The crisis has hit small and medium enterprises especially hard, causing massive job losses and other economic scars. Among these—less noticeable, but also serious—is rising market power among dominant firms as they emerge even stronger while smaller rivals fall away. We know from experience and IMF research that excessive market power in the hands of a few firms...

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How To Reignite Growth in Emerging Market and Developing Economies

By Romain Duval and Davide Furceri عربي, 中文, Español, Français, 日本語, Português, Русский Emerging markets and developing economies have enjoyed good growth over the past two decades. But many countries are still not catching up with the living standards of advanced economies. At current growth rates, it would take more than 50 years for a typical emerging market economy to close half of its current income gap in living standards, and 90 years for a typical developing economy. Our research...

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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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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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Chart of the WeekYoung and Disconnected from Work

By IMFBlog Young people face tough labor markets and job shortages in countries all over the world. For example, about 20 percent of 15- to 24-year-olds in the average emerging market and developing economy are neither in work nor in school—this group includes countries such as Brazil, Ghana, and Malaysia, among others. This is double the share in the average advanced economy. How can emerging markets close this gap? A recent IMF staff study points to a series of policies that can improve...

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