Jobs and Growth - Analytical and Operational Considerations for the Fund
Policy Papers, March 14, 2013
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Bibliographic details
- Published: March 14, 2013
- Series: Policy Papers
Executive summary
- Job creation and growth with inclusion are imperatives that resonate today in every country.
- Advanced countries face the challenge of supporting aggregate demand with limited fiscal space in the aftermath of the Great Recession.
- Many countries must generate growth and create jobs in the face of strong ongoing global megatrends: technological change, globalization, and significant shifts in demographic trends.
- Demographic shifts highlighted include rapid population aging in some parts of the world, and the entry of a large number of new workers into the labor force in others.
- Low female labor force participation represents a significant missed opportunity to strengthen economic development and growth in many countries.
Key findings and analytic themes
- Advanced economies: need to support aggregate demand while constrained by limited fiscal space post-Great Recession.
- Emerging and developing economies: must create sufficient jobs amid technological change and globalization.
- Demographics:
- Rapid population aging in some regions.
- Large cohorts of new labor market entrants in other regions.
- Gender dimension: low female labor force participation is an important barrier to stronger growth and development.
Operational considerations and policy implications
- Policy frameworks should address:
- Balancing aggregate demand support with fiscal constraints in advanced economies.
- Policies to raise job creation and growth in the context of technological change and globalization.
- Strategies to manage demographic pressures—both aging populations and large inflows of new workers.
- Measures to increase female labor force participation to unlock growth potential.
Publication details and metadata (as presented)
- Title: Jobs and Growth - Analytical and Operational Considerations for the Fund
- Publication date: March 14, 2013
- Format noted on page: Download PDF
- Subjects: Developed countries, Developing countries, Economic growth, Employment, Labor market policy, Surveillance, Technical assistance
Source: Jobs and Growth - Analytical and Operational Considerations for the Fund (IMF web landing page).