Sharing Development Solutions for an Emerging Indonesia
This was achieved through macro-economic stability
and educational expansion...
Macro-economic stability and growth have benefitted the poor
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Poor do not have access to financial instruments that protect them from inflation
Economic expansion has driven job creation
Expansion in primary and secondary expansion has changed the labour force profile
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Brazil's inequality in labour income had been driven by inequality in education
Concerted policy effort to expand education for poorer households
In 1993, a child of a father with no formal education would complete 4 years of
schooling; now students complete 9-11 years, regardless of parents' education
As more workers become skilled, they benefit from higher wages
At the same time, this means there are less unskilled workers
Economic growth also increased demand for unskilled workers, so unskilled wages
increased as well
→Wage differences between skilled and unskilled have fallen
Changes in labour incomes represent 2/3 of inequality reduction
THE WORLD BANK I BANK DUNIA
Sharing Development Solutions
for an Emerging IndonesiaView entire presentation