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Southern Papers Series/ Working Papers #23
Enhancing social participation for combating labour market crisis
Zahra Karimi Moughari. [Autora]
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Sur-Sur.
ISBN 978-987-722-062-9
CLACSO.
Buenos Aires.
Junio de 2015
*Disponible sólo en versión digital
The global crisis has deepened and most industrialized and developing countries have faced the risk of a prolonged labour market recession that can lead to a catastrophic rise in unemployment and decline in real wages. Several countries have used neoclassical tools to lessen the labour market and social consequences of the crisis; mainly through lowering interest rates to support private investment; but the plans have not succeeded so far; as investment counteracts in the reaction to declining effective demand. While, public work projects, by encouraging social participation in implementing beneficial community-based projects, can be a certain means to stimulate economic recovery and in the meantime to yield maximum employment creation |
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