Electronic Bulletin, January 2012, No. 14

Electronic Bulletin
Public Affairs Section, U.S. Consulate General, Hong Kong
January 2012, No. 14

(The Electronic Bulletin is an information service published by the Public Affairs Section of the U.S. Consulate General and provided to subscribers by e-mail and fax. Except for the U.S. Government sites, the opinions expressed on the Internet sites listed here do not necessarily represent the views of the U.S. Government.)

Maintaining Employment in a Difficult Economy
Elisabeth Jacobs, Fellow, Governance Studies
The Brookings Institution
January 13, 2012

The paper is not available. (file not found)

Although many nations were severely affected by the recent worldwide recession, the impact on the labor market of various countries—including unemployment rates—varied considerably. In a notable example, a paper by Brookings Governance Studies Fellow Elisabeth Jacobs shows that the recession had much less drastic effects on Germany's workers than on U.S. workers. The prime causes for Germany's success can be traced to the country's coordinated market economy, which emphasizes long-term objectives, and to specific labor market policies intended to reduce the shocks of economic reversals.

(Source: Copied from the Executive Summary of the paper)

Subject: U.S. Economy