Overcoming economic vulnerability and creating employment (CDP Policy Note 2007)

The publication addresses two themes. The first is unemployment in developing countries. Tackling this problem requires a more balanced and coordinated international strategy for sustainable global growth. At the national level, economic growth is important, but the quality of such growth also matters. It is also necessary to create fiscal space to ensure the availability of a skilled workforce that can meet the technological challenges posed by globalization. The second theme is that of economic vulnerability and instability. Required domestic policy measures include the promotion of good governance, sound fiscal and financial management and enhanced human and social development. The promotion of an enabling international economic environment and actions to reduce the occurrence of systemic shocks are required.