Tag Archives: unemployment

The next social contract

– Kemal Derviş
Kemal Derviş, former Minister of Economic Affairs of Turkey and former Administrator for the United Nations Development Program (UNDP), is Vice President of the Brookings Institution.

PARIS – Around the world nowadays, persistent unemployment, skill mismatches, and retirement frameworks have become central to fiscal policy – and to the often-fierce political debates that surround it. The advanced countries are facing an immediate “aging” problem, but most of the emerging economies are also in the midst of a demographic transition that will result in an age structure similar to that of the advanced economies – that is, an inverted pyramid – in just two or three decades. Indeed, China will get there much sooner. Continue reading

Boatswain says show me proof

Former Finance Minister Anthony Boatswain is calling on government to provide evidence to substantiate its claim of 1-percent positive economic growth for the first half of the year.

The opposition senator says positive growth must be a spin-off from growth in individual sectors and so far the government has not been able to indicate growth in any of the sectors.

“I personally disagree. The Prime Minister would have to tell me which sectors contributed to this positive growth.”

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