The nature of globalization and the fallout from the
international financial crisis have brought profound changes to
societies and economies around the world. This book documents that,
over the last two decades, the growth of nonstandard and informal
employment has led to greater inequalities. This is partly
explained by the fact that adjustment policies in the 1980s, market
liberalization policies in the 1990s and, more recently,
globalization and anti-poverty policies did not pay sufficient
attention to policies for employment and income redistribution. As
a response to these trends, this book recommends the development of
clearer policies for employment and income redistribution. These
policies should now become an integral part of national and
international economic policy making. This is even more relevant in
the current context of the international financial crisis as:
- Several elements of globalization, especially the unfettered
markets, and the growing inequality have given cause to the current
crisis and,
- There is growing evidence that the employment, human and social
effects of the financial crisis will be felt well after an economic
recovery has taken place, especially if no corrective action is
taken.
This volume will be of benefit to policymakers, scholars and
practitioners alike.
This book was published as a special issue of the Journal of
Human Development and Capabilities.
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