Posted on November 30, 2016 by iMFdirect
By Camilla Lund Andersen
2016 has been a year of political upheaval, as accepted truths about the power of globalization to transform lives and lift millions out of poverty are being questioned by electorates in Europe, the United States, and elsewhere. No longer prepared to take experts and elites at their word, many voters appear to be rejecting the adverse consequences of globalization by casting their ballot for antiestablishment messages and candidates.
Filed under: Employment, Globalization, growth, IMF, income, Inequality, International Monetary Fund, Investment, jobs, trade, unemployment | Tagged: employment, F&D, Finance & Development magazine, Globalization, growth, IMF, iMFdirect blog, inequality, International Monetary Fund, investment, jobs, trade, trade unions, unemployment | Leave a comment »
Posted on November 15, 2016 by iMFdirect
Inventor and futurist Ray Kurzweil, says intelligent machines are your friends.
In this podcast, Kurzweil talks about how artificial intelligence is helping overcome our human limitations and creating better-paying jobs.
Filed under: education, Employment, growth, IMF, International Monetary Fund, jobs, technology, U.S. | Tagged: economic development, education, employment, IMF, IMF podcast, iMFdirect blog, information technology, intelligent machines, International Monetary Fund, job creation, jobs, Ray Kurzweil, technology, United States | Leave a comment »
Posted on November 9, 2016 by iMFdirect
Versions in عربي (Arabic), Français (French), and Español (Spanish)
The link between jobs and economic growth is not always a straight line for countries, but that doesn’t mean it’s broken.
Economists track the relationship between jobs and growth using Okun’s Law, which says that higher growth leads to lower unemployment.
New research from the IMF looks at Okun’s Law and asks, based on the evidence, will growth create jobs? The findings show a striking variation across countries in how employment responds to GDP growth over the course of a year. Continue reading
Filed under: Advanced Economies, Economic research, Emerging Markets, Employment, G-20, growth, IMF, International Monetary Fund, jobs, labor force, U.S., unemployment | Tagged: advanced economies, emerging economies, employment, GDP, growth, IMF, iMFdirect blog, infrastructure investment, International Monetary Fund, jobs, labor force, Okun's law, unemployment, United States | Leave a comment »
Posted on November 2, 2016 by iMFdirect
By Jesus Gonzalez-Garcia and Montfort Mlachila
Versions in Français (French), and Português (Portuguese)
Migration of sub-Saharan Africans is growing rapidly. Just like the region’s population, the number of migrants doubled since 1990 to reach about 20 million in 2013. In the coming decades, migration will expand given the demographic boom in the working-age population—the group that typically feeds migration. We studied these trends in a recent paper because both receiving and sending countries need the right policies so all can benefit.
Filed under: Advanced Economies, Africa, developing countries, Economic research, Employment, growth, International Monetary Fund, labor force, Migration, refugees | Tagged: advanced economies, Cote d’Ivoire, demographics, economic growth, France, IMF, iMFdirect blog, International Monetary Fund, labor force, Migration, OECD, refugees, South Africa, Sub-Saharan Africa, United Kingdom, United States | Leave a comment »
Posted on October 24, 2016 by iMFdirect
By Florence Jaumotte, Ksenia Koloskova, and Sweta Saxena
Version in Español (Spanish)
Migration, no matter how controversial politically, makes sense economically. A new IMF study shows that, over the longer term, both high- and low-skilled workers who migrate bring benefits to their new home countries by increasing income per person and living standards. High-skilled migrants bring diverse talent and expertise, while low-skilled migrants fill essential occupations for which natives are in short supply and allow natives to be employed at higher-skilled jobs. Moreover, the gains are broadly shared by the population. It may therefore be well-worth shouldering the short-term costs to help integrate these new workers.
Filed under: Advanced Economies, Economic research, Employment, Europe, IMF, Inequality, International Monetary Fund, labor force, Migration, unemployment | Tagged: advanced economies, employment, European migration, GDP, IMF, inequality, International Monetary Fund, labor force, labor productivity, migrants, Migration, nanny effect, public spending, unemployment | Leave a comment »
Posted on September 14, 2016 by iMFdirect
By Christine Lagarde
Version in Français (French)
At his swearing-in ceremony last year, Prime Minister Justin Trudeau was asked why he had appointed a gender-balanced cabinet, a first for Canada (and for most countries around the world). He replied “Because it’s 2015.”
He was right, of course, and his response demonstrated his government’s clear commitment to gender equality. But there is another important reason for promoting greater female participation in the workforce: women in jobs are good for growth. IMF studies have shown significant macroeconomic gains when women are able to participate more fully in the labor market. Continue reading
Filed under: Employment, Gender issues, International Monetary Fund, labor force | Tagged: Canada, Family-Support Policies, Gender Gap, IMF, tax reform | Leave a comment »