Labour Market Reforms Under Tight Budget Constraints
Lanka, Institute of Policy Studies of Sri | October 2016
Abstract
The medium-term economic development policy framework presented in parliament in November 2015 envisaged generating one million jobs and improving living standards of workers. The stated goal of employment creation was to be met by encouraging investments in high employment intensity sectors on the demand side, and by improving skills on the supply side. The policy framework gives special attention to create a sophisticated and modern knowledge based economy which is able to compete effectively in the global market. One main challenge faced by the government in achieving the above mentioned labour market objectives are limited public finances. At present the government is attempting to consolidate finances by gradually reducing both the budget deficit and the debt burden. In this backdrop the room for significantly increasing government expenditure is limited.
Citation
Lanka, Institute of Policy Studies of Sri. 2016. Labour Market Reforms Under Tight Budget Constraints. © Institute of Policy Studies of Sri Lanka. http://hdl.handle.net/11540/9113.Keywords
Global Development Learning Network
Globalization And Development
International Development Strategy
Policy Development
Human Capital Development
Human Development
Human Resources Development
Skills Development
Management Development
Vocational Education
Curriculum development
Educational aid
Economic development
Industrial projects
Career development
Vocational education
Industrialization
Vocational training
Technological institutes
Job searching
Labor market
Work experience programs
Business planning
Human rights and globalization
Occupational training
Technological innovation
Labor and globalization
Manpower policy
Labor policy
Rural manpower policy
Career academies
Professional education
Inequality of Income
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