search query: @indexterm RESOURCE ALLOCATION / total: 426
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| Author: | Loutfi, M. F. |
| Title: | Self-employment patterns and policy issues in Europe |
| Journal: | International Labour Review
1991 : VOL. 130:1, p. 1-20 |
| Index terms: | UNEMPLOYMENT EMPLOYMENT SELF-EMPLOYMENT DEREGULATION RESOURCE ALLOCATION FLEXIBILITY |
| Language: | eng |
| Abstract: | The general shift toward deregulation is combined with concern about high unemployment to encourage the spread of self-employment. In many West European countries the tendency for non-agricultural self-employment to fall with modernization and development has been reversed, while in Eastern Europe - as a part of the redefinition of the state's role - efforts are being made to raise it above its existing very low level. Economic flexibility is greater where self-employment is prevalent, and it contributes to efficient resource allocation and a socially optimal employment structure. Individuals entering self-employment necessarily assume the risks of failure and loss and more of the cost of social protection. |
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