Towards a proposal to address labor market imbalances during periods of economic transformation in Egypt(In light of some international experiences( | ||||
| International Journal of Multidisciplinary Studies on Management, Business, and Economy | ||||
| Volume 5, Issue 1, June 2022, Page 102-129 PDF (1.47 MB) | ||||
| Document Type: Original Article | ||||
| DOI: 10.21608/ijmsbe.2022.269033 | ||||
 View on SCiNiTO | ||||
| Author | ||||
| Hazem Hassanein Mohammed Hassanein | ||||
| Master of Economics | ||||
| Abstract | ||||
| The study aimed at trying to identify the real situation of the Egyptian labor market and to monitor its imbalances in recent decades. The hypothesis is that "the Egyptian labor market suffers from chronic structural imbalances and internal and external crises that have negatively impacted its performance." The study presented the most important Egyptian labor, especially the imbalance between supply and demand in terms of numbers and skills, resulting in a rate of unemployment coincided with a deficit in many disciplines. The study also showed other images of the labor market imbalance (the acute duality between the formal and informal types of employment, the wage imbalance and labor productivity, and the last malfunction of males and females). The imbalances in the labor market in Egypt are due to several reasons, the most important of which are the lack of coordination between macroeconomic policies and labor market conditions, the chronic imbalance in both the output structure and income distribution structure, weak information efficiency in the labor market, weak institutional framework and ineffective labor market legislation, The rise in corruption and the rise and spread of monopolies. | ||||
| Keywords | ||||
| Labor market; structural imbalances; economic transformation; Egypt; Malaysia; China; Hungary | ||||
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