The article quotes JJN Economist Abhijnan Rej, who asserts that the Greek crisis reveals “the urgent need for a de-coupling between the real sector—responsible for growth-enhancing investments in employment, infrastructure and social protection, among other things—and the financial sector, which is fueled by large-scale speculation.
A new JJN report that examines employment impact of debt crises has been featured by Kathimerini, the largest daily newspaper in Greece. This post is a translation of the original article by Katerina Sokos.
The piece argues that, despite its manufacturing push through “Make in India”, the country will only be able to compete with Chinese manufacturing if it promotes fair and efficient labor laws, encourages women’s entry into the workforce, and invests in human capital.
The piece argues that newly emerging Asian economies will have to fashion a new 21st century model of economic growth that is characterized by a diverse manufacturing sector, skilled workforce and a new deal between business and labor.