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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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Pacific Islands Labour Market: Issues and Challenges

The labour market in the Pacific Island Countries (PICs) can be defined as the aggregate of formal and informal sector employment. The formal sector consists of productive work regularly remunerated by a wage or salary and other benefits. Those working in the informal sector engage in activities for exchange or consumption. Workers in this category also move on to the enviously regarded formal sector, if they meet prerequisites that would allow them to move ahead. The largest segment of the informal sector is the subsistence sector, where the bulk of the PIC population resides and sustains its livelihood. The informal sector, including the subsistence segment, consists of several categories of worker: entrepreneurs, establishment workers, independent workers, casual workers, and rural subsistence workers (Forum Economic Ministers Meeting, 2006).

English

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