LABOUR MARKET ADJUSTMENT TO INDONESIA'S ECONOMIC CRISIS: A COMMENT

Autor:	Iyanatul Islam, Shafiq Dhanani
Rok vydání:	2001
Předmět:	Macroeconomics Economics and Econometrics Labour economics Short run Poverty media_common.quotation_subject Labour market flexibility Development language.human_language Indonesian Unemployment language Economics Volatility (finance) media_common
Zdroj:	Bulletin of Indonesian Economic Studies. 37:113-115
ISSN:	1472-7234 0007-4918
DOI:	10.1080/000749101300046573
Popis:	In a recent contribution to this journal, Manning (2000: 106) offers an analy tical framework that, he argues , enables him to demonstrate why ‘unemployment and the incidence of poverty did not rise more than they did during the (Indonesian) crisis’. The crux of his discussion rests on the notion of labour market flexibility. In enunciating his propositions, the author makes some references to a study conducted by the ILO (International Labour Organization) and financed by the UNDP (United Nations Development Programme) (ILO/UNDP 1998) that run the risk of misrepresenting one of its key conclusions. This comment makes two points. First, the author needs to be careful in the way he depicts the work of the ILO. Second, the analytical construct of labour market flexibility helps to explain why unemployment did not go up sharply during the crisis, but is perhaps too stylised in one respect. It does not enable one to appreciate fully an important feature of the Indonesian crisis, namely, the volatility of consumption poverty (that is, poverty defined in terms of current expenditure) in the short run.
Databáze:	OpenAIRE
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