ILO: Labour market policies in Latin America must be reoriented to protect social achievements and address productivity gaps
At a time when governments in the region face the dual challenges of creating quality jobs and safeguarding achievements in social inclusion and work quality, an ILO report highlights the need for a new approach based on active labour market policies to address the current economic slowdown.
LIMA (ILO News) – The International Labour Organization (ILO) has urged Latin American countries to carry out a “strategic reorientation” of their labour market policies in order to increase productivity and to address rising unemployment and informality resulting from the economic slowdown.
Another conclusion of the analysis is that many of the ALMPs implemented in the region centre around one type of intervention, instead of providing a more complete set of measures, which would be desirable. A well-structured programme of policies can drive “towards economic specialization to higher added value and increase the growth of productivity,” added Escudero.
The ILO’s Regional Director highlighted that the “slow motion” economic downturn of the region has revealed the need to “advance strategies of productive development and training of the workforce that are essential to achieve a more inclusive and sustainable growth, and that active labour market policies are a very important part of the arsenal of instruments that countries in the region require at this moment.”
The new report by the ILO analyses data from the entire region with an emphasis on Argentina, Colombia and Peru, in order to understand the needs and challenges of the generation and implementation of these policies.
For more information, please contact Luis Cordova, [email protected].
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