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Realigninng Economic Governance with Full Employment

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Constantine E. Passaris
Constantine E. Passaris

Περίληψη


Full employment remains an economic mirage and an elusive destination for most countries. The ascendance of the new global economy of the 21st century has revealed the economic governance fault lines and the need to redirect the scope and substance of economic policy. This has been accentuated by the cataclysmic trifecta of the first three decades of the 21st century. Human capital has emerged as the driver for the new economy in the creation of the wealth of nations. In effect, the paradigm for the creation of economic growth has shifted from the resources under our feet to the brain power between our ears. This policy brief concludes by proposing a new institution of economic governance whose overarching mandate is to achieve full employment.


Λέξεις κλειδιά


Economic governance; new global economy; human capital; full employment

Πλήρες Κείμενο:

PDF (English)

Αναφορές


Dixit, A. (2008). "Economic Governance”. In: S. N. Durlauf & L. E. Blume (eds), The New Palgrave Dictionary of Economics (2nd edn). Basingstoke & New York: Palgrave Macmillan.

Passaris, C. (2020). “Economic Governance in the Aftermath of the Great Recession”. In: A. Hermann & M.A. Madi (eds.), The 2008 Crisis Ten Years On: in Retrospect, Context and Prospect, pp.345-374.

World Economic Forum (2020). “Resetting the way we teach science is vital for all our futures”, Available at: https://www.weforum.org/agenda/2020/08/science-education-reset-stem-echnology/?utm_source=sfmc&utm_medium=email&utm_campaign=2729072_Agenda_weekly-21August2020&utm_term=&emailType=Newsletter (Accessed: 05/05/2021).