An employment-oriented investment strategy for Europe

Verónica Escudero, Richard Horne, Stefan. Kühn, Santo Milasi, Elva. López Mourelo, Clemente. Pignatti, Johanna. Silvander and Steven. Tobin
Authors registered in the RePEc Author Service: Elva López Mourelo

in Studies on Growth with Equity from International Labour Office, Research Department

Abstract: The employment situation remains a major source of concern in the majority of countries in the European Union. Half of the region’s unemployed have been without work for more than a year, and unless the policy approach changes, the prospects are for a sluggish employment recovery. The Investment Plan proposed by the European Commission is thus a welcome initiative that recognizes the immediate need for stimulating growth, fostering Europe’s competitiveness and tackling the employment crisis. This report finds that for the Investment Plan to make a significant dent in unemployment, the design of the programme is crucial. Taking into account the magnitude and diversity of the labour market challenges, placing greater emphasis on complementary labour market policies and ensuring that small enterprises have access to credit will lead to better outcomes. In addition, any measures developed as part of the Investment Plan need to form the basis of a medium-term employment strategy that aims at quality job creation and avoids a “race to the bottom” in terms of wages and working conditions.

Keywords: employment creation; investment policy; economic recovery.; public investment; plan of action; EIB; EU.; création d'emploi; politique d'investissement; reprise économique; investissement public; plan d'action; BEI; UE; creación de empleos; política de inversiones; recuperación económica; inversiones públicas; plan de acción; BEI; UE (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Studies on growth with equity

Downloads: (external link)
http://www.ilo.org/public/libdoc/ilo/2014/487056.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ilo:ilosge:994870563402676

Ordering information: This item can be ordered from
pubvente@ilo.org

Access Statistics for this book

More books in Studies on Growth with Equity from International Labour Office, Research Department International Labour Office, 4 route des Morillons, CH 1211 Geneve 22, Switzerland. Contact information at EDIRC.
Bibliographic data for series maintained by Vesa Sivunen (labordoc@ilo.org).