1. – Indian Institute Of Management Bodh Gaya, Bodh Gaya.
| Received
18-Dec-2024 |
Accepted
- |
Published
18-Dec-2024 |
Abstract
The power bloc of the Global North, epitomized by the rise of the United States seems to be
challenged by the developing economies of the Global South. This analysis brings into point the question of labor markets in these economies. The socio-economic indicators that highlight the situation of labor marks a useful pointer towards labor productivity which in turn remains an important aspect of national competitiveness. This paper bases its
analytical framework on the Global Competitiveness Index (GCI) developed by the World Economic Forum in collaboration with Columbia University. It then reviews the labor market situation from varied sources of the International Monetary Fund (IMF), International Labour Organisation (ILO) and World Bank.
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