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Labor Market Policies

Social Protection and Risk ManagementThe ability to work is the only asset of many of the world's poor. Work can provide individuals with income to meet material needs, reduce social isolation, and impart a sense of dignity and self-worth. By creating opportunities for such work, efficient labor markets directly contribute to poverty reduction. Sound labor market policies and programs help workers manage risks associated with unemployment, lost income, and poor working conditions. Furthermore, in allocating labor to its most efficient use in the economy and encouraging employment and human capital investment, well-functioning labor markets can contribute to economic growth and development.

The Labor Markets training programs are designed to provide participants with a solid grounding in the key issues that arise in the labor market. The programs focus on topics related to labor market adjustment, productivity of workers, and poverty reduction in the labor force. The training programs also cover the design and execution of government policies to address key labor issues as well as the role of non-government interventions. Through extensive use of case studies, participants get exposure to policy instruments which different developing and industrialized countries have used with varying degrees of success.

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