Employment Pattern in India Under the Influence of Financial Slowdown in the Country
The world faces a challenge of creating 600 million jobs over the next decade The world enters the year 2012 facing a serious jobs challenge and widespread decent work deficits. After three years of continuous crisis conditions in global labour markets and against the prospect of a further deterioration of economic activity, there is a backlog of global un-employment of 200 million – an increase of 27 million since the start of the crisis. In addition, more than 400 million new jobs will be needed over the next decade to avoid a further increase in unemployment. Hence, to generate sustainable growth while maintaining social cohesion, the world must rise to the urgent challenge of creating 600 million productive jobs over the next decade, which would still leave 900 million workers living with their families below the US$2 a day poverty line, largely in developing countries. Global labour markets show little improvement. Against these labour market challenges, the outlook for global job creation has been worsening. The baseline projection shows no change in the global unemployment rate between now and 2016, remaining at 6 per cent of the global labour force. This would lead to an additional 3 million unemployed around the world in 2012, or a total of 200 million, rising to 206 million by 2016. If downside risks materialize and global growth falls to below 2 per cent in 2012, global unemployment would rise more rapidly to more than 204 million in 2012, at least 4 million more than under the baseline scenario, with a further increase to 209 million in 2013, 6 million more than under the baseline scenario. Alternatively, under a more benign scenario – which assumes a quick resolution of the euro debt crisis – global unemployment would be around 1 million lower than under the baseline scenario in 2012, and 1.7 million lower in 2013. This would still not be sufficient to significantly alter the trajectory of the global unemployment rate, which is projected to remain stuck at around 6 per cent
Year of publication: |
2013
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Authors: | Mann, Dr. Yogendra Nath |
Other Persons: | Srivastava, Ms. Vibhuti (contributor) |
Publisher: |
[2013]: [S.l.] : SSRN |
Description of contents: | Abstract [papers.ssrn.com] |
Saved in:
Extent: | 1 Online-Ressource |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 27, 2013 erstellt Volltext nicht verfügbar |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013077089
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