Economic Reforms, Growth and Employment

Labour Markets in Latin America and the Caribbean

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Labour conditions in Latin America and the Caribbean have long been a cause for concern. Despite relatively high economic growth rates, a large part of labour force was excluded from productive activities. This publication analyzes the evolution of Latin American and Caribbean labour markets in the 1990s and the impact of the economic reforms on them. The analysis makes it clear that the region faces a major challenge in the coming years, both in increasing the number of jobs and in improving job quality.



Reforms and growth: Trends in employment in the 1990s

The proponents of reforms argued in theoretical terms that the reforms should have favourable repercussions for job creation. They expected that the elimination of existing distortions would accelerate economic growth and that such growth would be more labour-intensive, since growth would shift towards activities and technologies that would use labour intensively.


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