THE STRUCTURE AND FUNCTIONING OF LABOUR MARKETS IN LESS DEVELOPED COUNTRIES.

Abstract Labour markets are important because most people, especially the poor derive all or the greater part of their income from the work they do. International competition, accelerated technological and shifting societal concerns are important drivers of structural change, both within and across firms, industries and regions. These equally bring undoubted opportunities. This must be acknowledged in making the case for open markets. This seminar aims at identifying for developing countries, the requirements for successful trade-related structural adjustment via the reallocation of labour and capital to more efficient uses, while open markets are seen to be a vital complement to effective adjustment. This paper also seeks to examine the structure and functioning of labour markets in less developed countries, the theoretical framework underlying the study, the structure and functioning of labour markets in less developed countries, the impact of the transmission of microeconomics policy shock on labour market structure of less developed countries. Analysis of the empirical evidences, conclusion and some recommendations were also made.

  • Authors Name: Mr Onwochei Obioma., Okonkwo Nwakwushue Justina I, (Mrs}.

  • Email: okonkwo.justina@mydspg.edu.ng