Labor Market Flexibility & Trajectories of Development: Lessons from Brazil, India & China
Published: 2014
Author(s) Name: Anil Verma & Ana Virginia Moreira Gomes |
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Abstract
In China, labor policy first diluted employment security rights to facilitate re-allocation of labor to the private sector. When new labor problems emerged, policy shifted to re-regulate the labor market. Brazils success in achieving economic growth and social progress simultaneously is unparalleled: informality, income inequality and unemployment decreased. India needs macro-level flexibility in re-allocating labor from informal to formal work, from rural to urban areas, and from the unskilled to the skilled. Micro-level flexibility through termination of employment must be coupled with stronger social security programs for adequate
severance pay and re-training for other employment and also stronger protection for workers in the informal sector.
Keywords: N.A.
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