- xii, 97 p. : ill.
- Corporate Author
- International Institute for Labour Studies.International Labour Organization.
- Contents: 1. Financial crisis - Key lessons learned -- 2. Determinants of global imbalances -- 3. Responding to the crisis -- 4. Policy considerations for a sustainable recovery -- Appendix. Global economic linkage (GEL) model.Includes bibliographical references (p. 89-97).Summary: Examines the origins of the deep financial and economic crisis that hit the world economy in 2008 and that continues to shape labour market performance across the globe. Discusses general lessons to be learned form financial crises as well as the role of global imbalances that have taken a prominent place in the current crisis. Presents global stimulus measures and assesses their effectiveness, comparing them with earlier examples in Argentina and the Republic of Korea. Finally, the report provides an overview of policy measures to maintain the recovery momentum in times of increasingly reduced policy space, focusing on the importance of quality job creation and demand-led initiatives to build a sustainable job-rich recovery.