Economies benefit from investing in high quality jobs: ILO

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ILO report. (screen shot)

Countries that have invested in high quality jobs have registered economic growth, according to the latest report of the International Labour Organization (ILO).

The report, entitled "World of Work 2014: Developing with Jobs", provides and in-depth analysis of 140 developing and emerging economies.

It points out that countries that invested the most in skilled and better paying jobs from the early 2000s grew nearly one percentage point faster every year since 2007 than other developing and emerging economies.

The report adds that this helped cushion the impact of the global crisis which erupted in 2008.

Derrick Mbatha reports.

Duration: 3’38″

Filed under Today's Features.
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