Burgeoning unemployment and the feeble prospect of recovery in world economy are undoubtedly the most pressing problems facing both developing and developed countries today. Coming at this juncture, the book under review by the well-known heterodox economist, Deepak Nayyar, is indeed a welcome read. The common theme running through the collection of essays, written between 2010 and 2016, is that of the centrality of employment in bringing about sustainable growth and development in the contemporary world. The book is divided into three parts: employment and development; growth and development; and development, polity and society, with the essays being grouped into these three thematic clusters.
The first set of essays provides a macroeconomic perspective on some of the critical issues plaguing world economy and explores the challenges and the possible solutions to deal with these problems.