This paper outlines the elements of a development-targeted economic framework aimed at creating decent employment opportunities as a strategy for realizing core human development goals in Africa. Four policy areas form the core of the paper: monetary policy and inflation, exchange rate policy,...

In December 2010, the FAO food price index surpassed its previous peak of June 2008, and prices have been maintained at this high level through September 2011 (i.e. as of this writing). This pattern in food prices is creating justified fears of a renewal or intensification of the global food...

Pollin and Heintz examine the factors contributing to the recent run up in gas prices for consumers. They find that to a significant extent, this is the result of the economy moving out of a deep recession, into a recovery, which has increased the demand for gasoline. But a major additional...

This Research Brief reviews the available recent evidence on trading costs and trading “elasticities” in U.S. financial markets and elsewhere, in order to inform ongoing discussions as to the viability of establishing a financial transaction tax (FTT) for U.S. financial markets....

Robert Pollin, James Heintz, Heidi Garrett-Peltier and Jeannette Wicks-Lim show that since 2009, U.S. commercial banks and large nonfinancial corporations have been carrying huge cash hoards and other liquid assets, totaling $1.4 trillion. Small businesses, by contrast, have been locked out of...

In this report examining the U.S. chemical industry, James Heintz shows that a shift to the production of chemicals that are safer for workers, the environment and human health can create jobs and new markets. The chemical industry has shed 300,000 jobs since 1992, and has under-invested in...

This paper provides some empirical evidence on issues raised by the global antisweatshop movement. We first consider the relationship between wage and employment growth, finding no consistent trade-off between them. We then measure the share of labour costs in the production of garments in the...

Alguns economistas culpam os excessivos custos do trabalho pela falta de crescimento dos empregos produtivos nos países de baixa renda. Por exemplo, um artigo de 2005 do Banco Mundial, intitulado ?Jobs in Kenia: Concept Note? (Empregos no Quênia: Notas Conceituais) dá primordial ênfase à...