UNEMPLOYMENT AS A GLOBAL PUBLIC BAD AND THE ROLE OF FISCAL POLICY

At the present time, the factors that determine the rate of unemployment lie to a significant extent outside the control of the state. What is more, with the increase in global labour, wage differentials lead to the globalization of the production process, thereby making it even more difficult to control unemployment. To offer a solution to unemployment as a Global Public Bad through the growth model based on domestic demand with a relationship established between the wage rate and productivity will only be possible on the basis of cooperation between countries. JEL classification: E24, E62, H41