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Inclusive Growth, Full Employment, and Structural Change

Inclusive Growth, Full Employment, and Structural Change

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  • ISBN:9780857289582
  • Editorial: Anthem Press
  • Fecha de la edición:
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  • Dimensiones: 0 cm x 0 cm
  • Nº Pág.:368
  • Idiomas:Ingles,Inglés

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ls"Inclusive Growth, Full Employment, and Structural Change: Implications and Policies for Developing Asiars" discusses policies to achieve inclusive growth in developing Asia, including agriculture, investment, certain state interventions, monetary, fiscal, and the role of the state as employer of last resort. Felipe argues that full employment of the labor force is the key to delivering inclusive growth. Full employment is the most direct way to improve the well-being of the people, especially of the most disadvantaged. Since unemployment and underemployment are pervasive in many parts of the region, Asian leaders must commit to the goal of full employment. The book also analyzes the region's phenomenal growth in recent decades in terms of structural transformation. Accelerating it is vital for the continued growth of developing Asia. But efforts to achieve full employment might be held back given that structural transformation requires massive labor shifts across sectors, and these are difficult to coordinate. Moreover, the goal of full employment was abandoned in the 1970s, and governments and central banks have since concentrated on keeping inflation low

Illustrations
Abbreviations
Foreword by William Mitchell
Preface and Acknowledgments
Executive Summary
Chapter 1 What is Inclusive Growth? 1
Chapter 2 What is the Main Constraint that Developing Countries Face? 7
Chapter 3 Why Full Employment and Who Should Be Responsible for Trying to Achieve It? 17
Chapter 4 Why Is Growth Unstable? 29
Chapter 5 What is the Role of Agriculture in the Process of Structural Change and in Delivering Full Employment? Full Employment I 35
Chapter 6 What is the Role of Investment in Delivering Full Employment? Full Employment II 57
Chapter 7 Why is "Planning Development" Neccessary? 69
Chapter 8 What is Industrial Policy? Full Employment III 75
Chapter 9 Structural Transformation, Industrialization, and Technological Change in Developing Asia: What Does the Empirical Evidence Show? 83
Chapter 10 Why Do Export Diversification and Sophistication Matter? 157
Chapter 11 Unemployment Versus Inflation: Which One Should Be the Public Enemy Number One? 179
Chapter 12 What Should Be the Role of Fiscal and Monetary Policies for Development? Full Employment IV 189
Chapter 13 Is It Possible to Achieve Full Employment in the Presence of Structural Transformation? 227
Chapter 14 Should the Government (Public Sector) Intervene Directly and Become the Employer of Last Resort? Full Employment V 231
Chapter 15 Can Competitiveness and Globalization Deliver Inclusiveness and Full Employment? 235
Chapter 16 Export-Led Growth or Domestic Demand-Led Growth? 261
Chapter 17 Is Education a Key Ingredient of Inclusive Growth? 279
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