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Dangers and Challenges: The New Context of Labor Market Policy in Latin America and in Canada

  • Albert Berry
Chapter

Abstract

Canada and the countries of Latin America are in the midst of major changes and choices in the area of labor markets and related social policy. The decisions taken are likely to be of major significance. Many labor market outcomes-levels of unemployment, wage trends and levels of inequality, have been unsatisfactory over the last couple of decades in both developed countries (including Canada) and in many developing countries, including those of Latin America. Nearly everyone is concerned about something, either the labor market outcomes or the institutions. Some blame the labor market institutions for what is bad about the outcomes: important policy reforms are being implemented or are under consideration because of the belief that a number of existing or previous institutions have been counterproductive and/or too expensive from a fiscal point of view, and that greater labor market flexibility is important in today’s world of fast-changing technology. Others feel that the reforms being proposed will make the outcomes even worse, and thus argue that those reforms are pushing the system in the wrong direction. Hard evidence on which to base professional judgments is scarce.

Keywords

Labor Market Minimum Wage Latin American Country Informal Sector Unemployment Insurance 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© Springer Science+Business Media New York 2001

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  • Albert Berry

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