Gulf Cooperation Council (GCC) - Labor Market Reforms to Boost Employment and Productivity in the GCC
Policy Papers, November 13, 2013
Source details
- Canonical URL
- Gulf Cooperation Council (GCC) - Labor Market Reforms to Boost Employment and Productivity in the GCC
Other formats
Bibliographic details
- Published: November 13, 2013
- Series: Policy Papers
Summary
- Publication date: November 13, 2013
- The GCC growth model delivered substantial improvements in living standards over several decades.
- Access to foreign labor supported rapid growth in the non-oil sector and contributed to price stability in the region.
- Large remittance flows generated positive spillovers to migrant-sending countries.
- Governments expanded public-sector employment and helped raise standards of living.
- The full text is also available in العربية.
Key findings — benefits of the existing model
- Rapid non-oil sector growth linked to access to foreign labor.
- Price stability in the region supported by foreign labor availability.
- Large remittance flows produced positive spillovers to migrant-sending countries.
- Public-sector employment expansion contributed to higher standards of living.
Key findings — costs and challenges
- The public-sector wage bill is relatively high.
- Limited employment of nationals in the private sector.
- Labor productivity has declined or stagnated.
- Limited progress on economic diversification.
Thematic subjects covered
- Cooperation Council for the Arab States of the Gulf
- Cross country analysis
- Global competitiveness
- Labor market reforms
- Labor productivity
- Private sector
- Unemployment
Source: Gulf Cooperation Council (GCC) - Labor Market Reforms to Boost Employment and Productivity in the GCC, International Monetary Fund, November 13, 2013.
Content in this bundle
- 100513