A typology of employment strategies
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1975-10Author(s)/Corporate Author (s)
Green, Reginald Herbold;United Nations. Economic Commission for Africa. African Institute for Economic Development and Planning(IDEP);
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At least five strategies for raising productive employment can be identified orthodox-neo- classical, neo-orthodox, inflationary, radical following a violent transition and neo-radical. The first orthodox neo- classical - strategy has two strands: lowering real wages and raising effective demand. The second strand may be pursued alone or the two together; the first one is relatively rare in practice if not in IMF mission recommendations in Latin America. Lower real wages would in principle, lead to a substitution of labor for capital and thus to gr eater productive employment. Probably, it would also lead to greater potential investible surplus and if this were invested productively a higher rate of growth of output and employment.
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“Green, Reginald Herbold; United Nations. Economic Commission for Africa. African Institute for Economic Development and Planning(IDEP) (1975-10). A typology of employment strategies. Dakar. © UN. IDEP. https://hdl.handle.net/10855/42563”Collections
- Social Development [6610]