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About the persistence of global unemployment rate, your explanation:
millions of people precipitously moving from nominally "employed" status in relatively undeveloped regions to "unemployed" status in boom areas of rapidly developing countries
is probably true. However, I think demographic growth is the main cause.

World employment and working poors figures  

The main focus of my diary is not on unemployment, but on poverty. The figures show that globalisation has partly succeeded in reducing extreme poverty, but not more. The very high level of inequality has a consequence: the biggest part of the wealth created goes to the top richest percentiles, and the lower percentiles remain in deep poverty with little prospect for improvement.

An example: in China, Shanghai has an HDI almost the same as European countries, whereas countryside areas are at the same level as some of the poorest African countries.

Inequality in China:

What is interesting in Freeman's article is that he shows the asymmetry in the capital/labour relationship created by the entry of the millions of workers from the former communist countries on the global market, and thus the necessity to find global social answers.

"Ne te courbe que pour aimer..." René Char

by Melanchthon on Wed Feb 28th, 2007 at 11:05:38 AM EST
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