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Creative economy : In the context of jobless global growth

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Frame of Image singly, weak recovery is associated with falling employment and lack of investment (US example below)— suggesting weak aggregate demand
3
Unemployment has been inching up, after stalling during the “exuberant demand of the past decade” (G20 WG) And youth unemployment has been stubbornly high
Unemployment in Advanced Economies In percent
Other advanced economies (Advanced economies excluding G7 and euro area) Major advanced economies (G7) Euro area 5.0 10 0. 0 2004 8 2005 2006 2007 2008 2009 2010 2011 Unemployment Youth Unemployment 20.0 15.0 10.0
Growth and Unemployment in OECD Countries In percent
14
12
6
25.0 20.0
Unemployment in Selected EM Countries, in percent
4
15.0 10.0
2
1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012
5.0 0.0 2004 Total 2005 Youth 2006 2007 2008 2009 2010 2011
Source: World Economic Outlook, IMF
Chile, Czech Rep, Hungary, Poland, Slovak Rep, Turkey, Slovenia, Korea
Source: OECD Database
4
despite the exit of young population from the market—usual cyclical or structural unemployment?
Inactivity rates of the young population aged 15 to 24 years, 2000-10
Note: Regional averages are unweighted sums of available data by region Source: Key Indicators of the Labour Market; October 2011, ILO (http://kilm.ilo.org/2011/download/kilm13EN.pdf) 5
Along with high unemployment, wage shares have been declining for more than three decades
Among European countries, notwithstanding the long term trend, wage shares have bounced back s


Full Text
Title Creative economy
Similar Titles
Sub Title

In the context of jobless global growth

Material Type Proceedings
Author(English)

Lee, Ilhyeong

Author(Korean)

이일형

Publisher

[Seoul]:Office of the G20 Sherpa and International Cooperation

Date 2013-07
Event

KDI-KLI-OECD Joint Conference

Pages 18
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Social Development < Employment
Holding KDI; KDI School

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