From the Great Recession to Labour Market Recovery: Issues, Evidence and Policy Options (International Labour Organization (ILO) Century Series)

This Book Sheds Light On The Impact Of The Great Recession From The Perspective Of Both Developing And Developed Countries. It Traces The Complex And Multiple Causes Of The Great Recession, Delineates The Diversity In The Macroeconomic And Labour Market Consequences, And Highlights The Effectiveness Of Policy Responses Undertaken So Far. Cover; Contents; List Of Tables, Figures And Boxes; Foreword; Notes On The Contributors; Acknowledgements; List Of Abbreviations; 1 Introduction; Introduction; Interpreting The Pre-crisis Period: Alternative Views; The Global Financial And Economic Crisis Of 2007-09; The Chapters: A Reader's Guide; Part I; 2 The Great Recession Of 2008-09: Causes, Consequences And Policy Responses; 3 The Global Recession Of 2008-09 And Developing Countries; 4 The Employment Challenge In Developing Countries During Economic Downturn And Recovery. 5 The Impact Of The Global Financial Crisis On Labour Markets In Oecd Countries: Why Youth And Other Vulnerable Groups Have Been Hit Hardpart Ii; 6 The Rise And Fall Of Orthodox Macroeconomic Policy: Pre- And Post-crisis Perspectives; 7 The Perennial Quest For Fiscal And Policy Space In Developing Countries; 8 Labour Market Policies In Times Of Crisis; 9 Coping With Crises: Easing The Burden Of Macroeconomic And Structural Adjustments Through Social Dialogue; 10 The Way Forward; Bibliography; Index. Edited By Iyanatul Islam And Sher Verick. Includes Bibliographical References And Index. This book sheds light on the impact of the Great Recession from the perspective of both developing and developed countries. It traces the complex and multiple causes of the Great Recession, delineates the diversity in the macroeconomic and labour market consequences, and highlights the effectiveness of policy responses undertaken so far. The Great Recession was one of the most traumatic global events of the first decade of the twenty first century. This book showcases research undertaken by leading experts on the macroeconomic and labour market dimensions of the financial crisis of 2008-2009. It provides a global overview, interpreting the causes, consequences and policy responses to the Great Recession from the perspective of both developing and developed countries. The contributions trace the complex and multiple causes of the Great Recession ranging from market, policy and regulatory failures to global imbalances, delineate the diversity in the macroeconomic and labour market consequences, highlight the effectiveness of national policy responses undertaken so far and explore policy options for a post-crisis future. The volume argues that such a post-crisis future would entail a renewed commitment to full employment and global collective action to advance the cause of 'fair globalization'. This book is essential reading for all interested in labour economics, employment studies, social policy and macroeconomics Front Matter....Pages i-xxi Introduction....Pages 1-15 Front Matter....Pages 17-17 The Great Recession of 2008–09: Causes, Consequences and Policy Responses....Pages 19-52 The Global Recession of 2008–09 and Developing Countries....Pages 53-77 The Employment Challenge in Developing Countries during Economic Downturn and Recovery....Pages 78-118 The Impact of the Global Financial Crisis on Labour Markets in OECD Countries: Why Youth and Other Vulnerable Groups Have Been Hit Hard....Pages 119-145 Front Matter....Pages 147-147 The Rise and Fall of Orthodox Macroeconomic Policy: Pre- and Post-Crisis Perspectives....Pages 149-174 The Perennial Quest for Fiscal and Policy Space in Developing Countries....Pages 175-195 Labour Market Policies in Times of Crisis....Pages 196-226 Coping with Crises: Easing the Burden of Macroeconomic and Structural Adjustments through Social Dialogue....Pages 227-251 The Way Forward....Pages 252-271 Back Matter....Pages 272-300 This title sheds light on the impact of the great recession from the perspective of both developing and developed countries. It traces the causes of the great recession, delineates the diversity in the macroeconomic and labour market consequences, and highlights the effectiveness of policy responses undertaken so far