An interesting article analyzing the economic tsunami Iceland is currently going through argues that apart from the obvious lack of adequate regulation and dubious nominations of politicians with no economic experience (the governor of the Central Bank is a poet), Iceland’s industry failed to adapt to changes stemming from its rapid growth.
Posts Tagged ‘labor market policy’
Lessons From Iceland’s Collapse
Posted in ISRAEL 15 Vision, tagged Iceland, labor market policy on March 22, 2009 | Leave a Comment »
Israel and the Economic Crisis 3: A Chance to Design a Relevant Labor Market Policy
Posted in ISRAEL 15 Vision, tagged employment policy, flexicurity, ISRAEL 15 Vision, labor market policy, Leapfrog on March 1, 2009 | Leave a Comment »
The economic crisis has led to calls for the government to encourage employers not to fire their workers. However, this policy may perpetuate non-competitive factories and industries at a high cost.
Protecting People, not Jobs – A Relevant Policy for Employment Stimulation
Posted in ISRAEL 15 Vision, tagged employment policy, growth report, labor market policy, protect people not jobs on February 26, 2009 | Leave a Comment »
The strike by “Pri Hagalil” workers and remarks such as “if the factory shuts down, I have no future” or “this factory is my life” reminded me of an important principle of labor market policy we learned from the World Bank’s Growth Report. The principle – protecting people, not jobs.

