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Job Creation and Local Economic Development

image of Job Creation and Local Economic Development

This publication highlights new evidence on policies to support job creation, bringing together the latest research on labour market, entrepreneurship and local economic development policy to help governments support job creation in the recovery. It  also includes  a set of country pages featuring, among other things, new data on skills supply and demand at the level of smaller OECD regions (TL3).

This publication is the first in a series to take this integrative approach, and it is designed to be user friendly and accessible to all government officials, academics, practitioners and civil society with an interest in local economic development and job creation.

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Job creation in the social economy and social entrepreneurship

This chapter looks specifically at the role of the social economy in job creation. Policy makers are paying increased attention to the social economy and social entrepreneurship following the financial crisis, and in the context of rising social inequalities in many OECD countries. Defining the scope and scale of these activities remains difficult, but their contribution to job creation and inclusion of disadvantaged people in the labour market is substantial and widely recognised. A number of barriers inhibit the creation and growth of social economy organisations. Accordingly, a supportive policy environment is needed to help social enterprises meet their objectives, including the creation of quality jobs. Such an environment should recognise and support social economy organisations and social enterprises as full economic agents, alongside the private and the public sector.

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