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Increased globalization - the international integration of markets forgoods, technology, labor, and capital - has coincided in the past 20years with a shift in demand from less-skilled workers to those with moreskills. Have imports from developing countries been responsible for thelowered wages...
Persistent link: https://www.econbiz.de/10015058164
This paper reports the Fund's income position for FY 2013 following the closing of the Fund's accounts for the … financial year and completion of the external audit. FY 2013 net income, including income from surcharges, amounted to SDR 2 … of currencies has been made from the GRA to the investment account. The placement of the net income to the Fund …
Persistent link: https://www.econbiz.de/10014410435
This paper gauges the potential effects on employment of rebalancing China''s exportoriented growth model toward domestic demand, particularly private consumption. Shifting to a private consumption-led growth likely means more demand for existing and new services as well as reorienting the...
Persistent link: https://www.econbiz.de/10014402469
Over the past decade, the United States has been very successful atcreating jobs. Some other industrial countries have clearly lagged behind. But what is the reason why some countries are more successful than others at creating employment? Are there common factors that explainjob creation? This...
Persistent link: https://www.econbiz.de/10014402731
This paper discusses tax and expenditure policy reforms to raise employment. Using data for 58 advanced and emerging economies, the paper provides a unified assessment of tax and expenditure measures that have usually been addressed separately. The focus is on incentives to increase labor demand...
Persistent link: https://www.econbiz.de/10014410536
Persistent link: https://www.econbiz.de/10000058326
This assessment found South Africa s regulatory system to be fundamentally sound and compliant with international standards. Banking supervision has been effective and has helped limit the impact on the financial sector of the global financial crisis. The assessment recommended that the bank...
Persistent link: https://www.econbiz.de/10012557452
South Africa has made substantial progress in addressing the recommendations of the Financial Sector Assessment Program and is continuing to build upon these accomplishments. The Financial Services Board and Department of Trade and Industry both are organizations with the legal authority to...
Persistent link: https://www.econbiz.de/10014402310
The global financial crisis had a much more pronounced impact on South Africa relative to some other large emerging markets. The overriding economic policy challenge is to reduce unemployment and inequality through higher economic growth. Unemployment is a key policy focus; and a wage subsidy...
Persistent link: https://www.econbiz.de/10014402315
This 2008 Article IV Consultation highlights that South Africa’s economic performance has strengthened in the last several years, with real GDP growing by 5–51⁄2 percent in 2005–07, inflation declining to mid-single digits until recently, and employment growing steadily. However, 2008...
Persistent link: https://www.econbiz.de/10014402320