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Labour Markets in Small Developing States

image of Labour Markets in Small Developing States
Recent studies of the economic growth and development process have emphasised the critical role of human development. For small developing countries the existence of limited natural resources means that emphasis must be placed on human resources development (HRD) in national development strategy formulation. Through education and training (and health and nutrition), HRD can overcome imbalances in the labour market.



This book explores the approaches to this challenge adopted by governments of smaller states across the world and considers the effectiveness of the particular strategies adopted. It also explores the role of labour migration, particularly the emigration of skilled labour, in this process.



The book will be of value to national economic planners, labour market economists, and all those who seek to ensure the successful development of the economies of the world’s smaller states.

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Introduction

In recent years, increased attention has been paid to the challenges facing small states in the context of rapid global change. In 2000, a joint Commonwealth Secretariat and World Bank task force report clearly outlined the challenges facing the small member states of the Commonwealth and specified a number of policies and programmes for meeting these challenges. The report addressed such issues as the vulnerability of small states, the volatility of income and export earnings, the need to enhance public and private sector capacity, the challenges of adjusting to a new trading and institutional environment and the need to develop new industries to replace sunset ones. The task force also assessed the case for special and differential treatment for small Commonwealth states.

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