Labor Markets: At the Center of the World Bank’s Commitment to Poverty Reduction and Growth
The ability to work is the poor’s main asset in developing countries. Work provides individuals with income to meet material needs, reduces social isolation, and provides a sense of dignity and self-worth. Labor markets contribute to poverty reduction and to development through the creation of more and better jobs. In each country, the right combination of labor market regulations and labor market policies should help workers manage risks, foster the investment in human capital and help coping with poor working conditions.
About the World Bank Labor Markets Group
 “Jobs for a Globalizing World: Labor Market Policy” was a two- week course which took place from March 30-April 10, 2009, in Washington, DC. It offered a unique learning experience on how employment is being transformed in today's rapidly changing, globalizing environment. The course identified key labor market challenges within the context of overall poverty reduction and other economic and social development goals, and explores what policy makers and others can do about them. It built on the latest research findings by the World Bank and other academic and research institutions, as well as on practical lessons learned from country experiences.
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