World economy showed an important development after 9/11. With the transition of neoliberal economy programs, employment around the world had increased until 2008 global financial crisis. Because of the devastation effects of the crisis, the increase in the employment level stopped and reached a record level in some countries after 2008. Current appropriate economic policies are not enough because there are some factors which arise jobless growth. For instance, globalization, labor cost, tax burden, substitution between technology and labor, capital-intensive markets and so on create jobless growth, particularly in developing countries. In other words, economic policies are not enough to solve unemployment problem. In addition to these policies, contemporary and qualitative approaches should be used. One of these approaches is meritocracy. In terms of employment phenomenon, meritocracy is a notion that cre
Global crisis that has affected all economies has also given harms for financial and structural bodies of economies. Near after this financial crisis, governments took different responsibilities to overcome this phenomenon. In this context, priorities in overcoming the crisis have concentrated on the macroeconomic adjustments and regulatory precautions. Measures should have taken by the governments of OECD economies in line of macroeconomic adjustment and crisis exit strategies are outlined briefly.
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