Wednesday, October 19, 2011
[IWS] World Bank: UNEVEN RECOVERY from the GLOBAL CRISIS in DEVELOPING COUNTRY LABOR MARKETS [19 October 2011]
IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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World Bank
Human Development Network
JOB TRENDS, October 2011, Number 1
Uneven Recovery from the Global Crisis in Developing Country Labor Markets [19 October 2011]
or
[full-text, 5 pages]
Labor market recovery from the financial crisis remains sluggish in parts of the developing world, with employment and
earnings growth far below their pre-crisis rates. The global crisis caused a sharp reduction in economic growth across the
developing world, but the impact on labor markets varied widely. Labor markets in East Asia largely escaped the crisis,
and employment indicators in Latin America recovered rapidly by 2010 from the previous year’s contraction. In contrast,
Europe and Central Asia continued to experience low earnings growth and high unemployment in 2010. More recent
trends in nine large developing countries show mixed earnings growth and weak job creation thus far in 2011.
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Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 262-6041
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
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