Employment policy must address the concerns underlying the populist backlash against globalisation OECD writes

While an expanding majority of OECD countries have finally closed the massive jobs gap that opened during the Great Recession of 2008‑09, people in a number of countries are expressing rising dissatisfaction with core economic policies, including the promotion of international trade and investment. The populist backlash against globalisation challenges the policy advice offered by international organisations like the OECD, which have long emphasised the benefits of global integration. In view of the growing scepticism about policy orthodoxy, it is important to reassess economic policy stances, including which choices labour market policy makers have got more or less right and which they have got wrong and where a change of approach is required. While a definitive assessment is not yet available, it is already clear that many of the concerns underpinning the backlash against globalisation and trade are real and that they highlight areas where employment, skills and social protection policies need to be reinforced and adapted to a changing economic environment.

Chosen excerpts by Job Market Monitor. Read the whole story at OECD iLibrary: OECD Employment Outlook 2017 

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