Are Jobs and Growth Still Linked?

2017-04-14T02:10:16-04:00February 7, 2014|

Prakash LounganiBy Prakash Loungani 

(Version in Español)

Over 200 million people are unemployed around the globe today, over a fifth of them in advanced economies. Unemployment rates in these economies shot up at the onset of the Great Recession and, five years later, remain very high. Some argue that this is to be expected given that the economy remains well below trend and press for greater easing of macroeconomic policies (e.g. Krugman, […]

Restoring Jobs by Restoring Growth

2017-04-15T14:01:52-04:00October 3, 2012|

A growth strategy is the best jobs strategy. Policies that restore growth in advanced economies will also put people back to work in these countries. And the growth spillovers to emerging markets and developing economies will boost jobs there as well. Put differently, the human costs—in terms of increased unemployment—of making bad policy choices are immense.
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