The International Labour Office (ILO) has just published, “Growth, Employment and decent Work in the Least Developed Countries”. The report recognizes the growth revival in least developed countries (LDC) in the last decade, but argues that major structural challenges in the nature of growth, employment and decent work remain.
The study focuses in particular on the relationship between GDP growth, employment and decent work in the LDCs within a longer term perspective. It shows that over the 2000-2009 period, employment in LCDs has grown at an annual average rate of 2.9 per cent, slightly above population growth but much weaker than GDP growth.
The share of wage and salary workers increased slightly, from 14 per cent in 2000 to 18 per cent in 2008 but the large majority of workers remained trapped in vulnerable forms of employment that cannot lift them above the poverty line.
The ILO report also finds that “growth in the last decade has been high but volatile because it has been based on exports of primary commodities rather than diversified production structure”.
The report is available online.