ranjan

Emerging market economies have enjoyed good growth in recent decades but are still far from closing gaps in living standards with advanced economies. Emerging markets also need growth to be shared by everyone, particularly by providing their growing population with good jobs and social protection. The design of labor market policies in emerging markets differs significantly from that in advanced economies. The few main features are : 1. Only half of the emerging markets have unemployment insurance systems in place, while they     nearly exist in all advanced economies.This means that workers in emerging markets have less     to fall back on in the event that they lose their jobs. 2. In contrast, emerging markets out - rank advanced economies - at least in Law- on one part of     such legislation, Severance pay (what companies must pay if they dismiss them). 3. Collective bargaining agreements cover only 20% of workers in emerging economies and about     half in advanced econ