Abstract

In many countries the process of globalization has led to a ‘precarization’ of labour, which often manifests itself in terms of unstable working conditions, a fall if the labour share in national income, and growing wage inequality. The chapter underscores the neglect of employment and inequality in the formulation of the millennium development goals (MDGs) in 2000 and its consequences. It argues that the addition of the goal of full employment in the 2005 reformulation of the MDGs did not lead to any change in aid policies and that, if the growing concern for employment and inequality is taken seriously, development efforts need to be refocused by assigning a greater share of foreign aid to employment and productivity-enhancing activities, and by changing national and international economic and financial policies so as to make employment creation and poverty reduction the overarching goal of development.

, , , ,
doi.org/10.1093/acprof:oso/9780198706083.003.0008, hdl.handle.net/1765/76121
EUR-ISS-EDEM
International Institute of Social Studies of Erasmus University (ISS)

van der Hoeven, R. (2014). Employment, Poverty, and Development: Do We Have the Priorities Right?. In Towards Human Development: New Approaches to Macroeconomics and Inequality (pp. 148–171). doi:10.1093/acprof:oso/9780198706083.003.0008