CONSTANT UTILIZATION OF THE LABOUR FORCE DESPITE RISING OPEN UNEMPLOYMENT IN COLOMBIA?

Abstract

The view has been popular since the early or mid sixties that many developing countries are in the midst of “employment crises” resulting from low and stagnant demand for labour; major manifestations of this crisis are, according to this view, the rising open unemployment rates, falling participation rates, and continuing prevalence of the subtler “disguised” unemployment and underemployment. “Fixed proportion” conceptualizations of the economy and prominence of labour‐saving technical innovation contribute to the plausibility of this hypothesis. This essay questions the general validity of the “crisis” interpretation, based on data for Colombia, one of the many countries to which it has been applied. It argues

Citation

ALBERT BERRY, R. (1975), "CONSTANT UTILIZATION OF THE LABOUR FORCE DESPITE RISING OPEN UNEMPLOYMENT IN COLOMBIA?", Journal of Economic Studies, Vol. 2 No. 2, pp. 114-130. https://doi.org/10.1108/eb008053