New and better jobs can create a way out of poverty. Growth in many developing countries is hampered by a lack of firms who can exploit productive opportunities and create jobs. Firms face many difficulties in financing their activities, and in motivating their workforce. Policies to address these issues increasingly rely on social networks, yet little is understood about the potential impact of these networks on economic policy. Successful growth strategies can have disruptive consequences, and effective policies should mitigate this. This briefing summarises the contribution of the iiG research programme on issues of entrepreneurial finance, labour contracts, social networks, and adjustment to land expropriation.
Anon. Jobs and growth. CSAE Economics Department, University of Oxford, Oxford, UK (2015) 8 pp. [iiG Policy Lesson 05]