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Rigid Laws Reduce Jobs in Africa

WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.

Original Post Date: 2010-09-15 Time: 13:00:02  Posted By: News Poster

By Loyiso Langeni

Johannesburg – Unemployment and a growing informal sector in Africa are slowing economic progress in the continent, a United Nations (UN) report said yesterday.

Aggressive investment in institutions that would raise productivity to stimulate sustainable economic growth was needed to reverse this trend, the Trade and Development Report 2010 recommended.

Mutasim Elagraa, an economist at the UN, said “high rate(s) of unemployment are often attributed to rigidities in the labour market but there is no empirical support for this view, and in fact it can be shown that employment creation is related to output growth and investment in fixed capital.” He noted that formal jobs – except in SA – accounted for 13% of employment in the sub-Saharan region.

SA’s labour policy framework has come under fire from local and international investors for being too rigid. There is a proposal from some quarters within the government to adopt a two-tier labour system to address the inflexibility of the labour market.

Mr Elagraa said that African countries needed to strengthen the link between export industries and the rest of the economy. He said 60% of the employed in the region are the “working poor”.

Trade and Industry Minister Rob Davies said the government was working on a plan to improve the capacity to export value-added quality goods to markets abroad. His department has created an export promotion division to assist companies with strategies on how to market their goods.

Original Source: Business Day (Johannesburg)
Original date published: 15 September 2010

Source: http://allafrica.com/stories/201009150181.html?viewall=1