Investing in Inclusive Growth
An inclusive labor market is a prerequisite for inclusive growth. That's why policymakers should be making education and skills development for all workers a top priority, rather than embracing protectionism or excessive social-welfare spending.
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SEOUL – Inequality has skyrocketed in recent decades, and those who have not shared in the fruits of economic growth and development are becoming increasingly frustrated. Some political leaders have responded to rising public discontent with massive social-welfare programs or beggar-thy-neighbor protectionism. That is the wrong prescription.