Developed economies
Central and South-Eastern Europe (non-EU) and CIS
Latin America and the Caribbean
East Asia
South East Asia and the Pacific
South Asia
Middle East
North Africa
Sub-Saharan Africa
Regions Highlights
New global growth engines | Wanted: Productive jobs for the developing world |
| Global economic growth slowed sharply in 2012 and its impact on jobs and labour productivity is being felt in every region. Unemployment has gone up the most in the developed economies, such as the European Union. However a strong middle class now emerging in East Asia and elsewhere in the developing world could become a new global growth engine. | In the developing world an important route to economic growth is through increased opportunities for workers to move from lower to higher productive jobs, for example from subsistence farming to work in industry and service sectors. This process, called "structural change", has slowed down in recent years as job creation in productive sectors has stalled. |
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