The financial crisis in South Asia: From jobless growth to jobless slump? (original) (raw)

2010, ISS Staff Group 3: Human Resources and Local Development

AI-generated Abstract

This chapter examines the implications of the global financial crisis on employment in South Asia, focusing on both qualitative and quantitative dimensions. The region, which comprises a significant portion of the world's poor, has experienced jobless growth over the last two decades, resulting in declining employment-to-population ratios and stagnant real wages. The paper advocates for policy reforms centered on wage-led growth, inclusivity, and improved labor conditions, proposing a 'Jobs Pact' to enhance worker resilience and address the structural challenges posed by globalization.