Role of the Informal Sector in Job Creation and Reduction in Inequality

Monday, 11 July 2016: 09:00-10:30
Location: Seminarraum Geschichte 1 (Main Building)
WG05 Famine and Society (host committee)

Language: English

The session will examine the nature of jobless growth in the west, ascertaining the causes of high levels of unemployment in developed countries especially amongst the youths. It will also focus the spot light on the very low rate of GDP growth in the majority of developed countries. On the other hand, it will examine the informal sector in developing countries in terms of obsolete technologies, low level of capital application and low productivity of labour. 
The speakers at the session will examine the role of appropriate technologies, increase in the savings rate on the pattern of Bangladeshi Grameen Bank and utilising traditional skills with modern design and quality marking inputs for converting the informal sector into an engine of growth. In western countries in particular, the role of enterprise development amongst the youth will be studied. Further, it will be examined how new patents, prototype commercial development and enterprise incubators can launch new companies for creating jobs. 
In this way, this session will underscore the importance of improving the quality of social capital as a means of economic development. The rationale of this session is to study the sociology of enterprise development with an emphasis on new entrants into the labour force.
Session Organizers:
Harjit Singh ANAND, Working Group 05, India and Amrit SRINIVASAN, Sangeet Natak Akademie, Ministry of Culture, India, India
The Woman's Gharana: Social Capital Formation in the Indian Performing Arts
Amrit SRINIVASAN, Sangeet Natak Akademie, Ministry of Culture, India, India
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