EMPLOYMENT POLICY IN THE GLOBAL ECONOMY - OVERVIEW

The employment problem has assumed worldwide proportions. Outlining th e context for the contributions to this special issue, the author expl ains the importance of economic growth for employment, the impact of g rowing integration of the world economy on employment and equity, the debate on technical change and concern with the fate of unskilled work ers. He emphasizes the broad spectrum of policies which affect employm ent - from international trade and macroeconomic policy to specific la bour market policies - and points to the possibility of attaining a vi rtuous circle of rising productivity, economic growth and expanding em ployment.