The Group of 20 nations will be judged on how it contributes to creating jobs during the economic recovery, South African Finance Minister Pravin Gordhan and Australian Treasurer Wayne Swan said.
Countries should focus on changing labor laws, including offering incentives to boost hiring, providing more training and improving productivity, Gordhan and Swan wrote in an opinion article published in the Johannesburg-based Business Day newspaper today. It was from a paper submitted to the G-20 meeting in Mexico last month, Business day said.
“The success of the G-20 in the eyes of many will largely be judged by the contribution it makes to creating jobs,” Gordhan and Swan wrote. “Commitments to sustainable medium-term fiscal policies and secure financial systems will provide the platform for improved growth and employment.”
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