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Business Pulse Zoom: Job creation – the key to managing macroeconomic risk in the government and public sector

Job creation. It’s a priority shared by governments the world over, including those in emerging markets. As policy-makers seek to restore growth and a greater sense of optimism about their economies, EY’s Rohan Malik says the time has come for less talk, and more action. For several years, as the global economy struggled to recover from the financial crisis, eyes turned toward the world’s rapid-growth markets for reassurance that the outlook was not universally bleak. And certainly, the performance of countries such as China and India, both buttressed by skyrocketing growth and booming investment, injected much needed confidence that the crisis would not be one without end.

6 key actions to help job creation:

  1. Business Climate Reforms to improve ease of doing business
  2. Increasing attractiveness to improve competitiveness
  3. Livelihood enhancement to improve shared growth
  4. Micro, small and medium enterprise (MSME) development and access to finance to improve sustainable growth
  5. Skill development to enhance the human capital
  6. Infrastructure development to produce an enabling environment

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