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Towards a transformative macroeconomic policy framework for employment generation in Africa

Over the past two decades, the African continent has experienced reasonable economic growth oscillating between about 3 – 6%, yet this growth has not translated in the creation of sufficient – let alone decent – employment opportunities for most Africans. In this background paper, we argue that this is, in part, because macroeconomic policy has not prioritised the creation of decent work. The IEJ proposes a new pro-employment macroeconomic framework that sees macroeconomic policy, in a mutually supportive relationship with sectoral and labour-market policy, target structural transformation and the expansion of decent and productive employment that is inclusive and sustainable.