Essay ‘We need to start thinking about jobs the way we think about car- bon emissions. Because entrepre- neurs do not take into account the social conse- quences that their investments have on jobs, govern- ments need to intervene with subsidies and taxes.’ siderable amount of resources are allocated to activities and projects which are sup- posed to focus on jobs but in practice do not. Developing new instruments and models to support lending and invest- ments for jobs is key. Finally, as in the case of the East Asian Tigers, it is imperative that governments get their act together. A leaner and better prepared civil service can go a long way to improving policy-making and the allocation of public expenditure, in consultation with social partners. — DAVID ROBALINO is from Ecuador and has lived in many countries in Latin America, the Middle East, Asia and Africa. In his latest book, the World Bank economist examines the issues of social insurance, labour markets and how to protect workers while creating new jobs. Money for training in new technologies Thus, as new technologies change the de- mand for different types of skills, an infra- structure would be in place to retrain work- ers and facilitate transitions to new jobs. Al- most all countries have these programmes, which include different types of training, counselling, intermediation, job search as- sistance and mobility premiums. Unfortu- nately, only one third of the programmes that have been rigorously evaluated have had a positive impact. We need to improve the design of these programmes by adopting modern identification and statistical profil- ing systems to assess the main constraints facing beneficiaries, introducing rigorous monitoring and evaluations systems, and outsourcing the provision of an integrated package of services to providers (public and private) that are paid on the basis of results. Countries like South Korea, Malaysia, Colombia, Chile and more recently Tunisia are moving in this direction. To expand the coverage of these programmes, particularly to rural areas and vulnerable population groups, it is also necessary to rethink financ- ing mechanisms. Thus far, programmes have been mainly financed through general reve- nues. However, many of the beneficiaries could finance at least part of the cost. For instance, a recent survey of young people in Nairobi, Kenya, showed that they would be willing to pay up to 50 per cent of the costs incurred. Clearly, none of the reforms discussed above are easy to implement, and not all countries have the fiscal space to do so overnight. International organisations and bilateral donors will have an important role to play in facilitating reforms. Firstly, by trying as much as possible, to come up with a unified policy framework. Different organisations often have very different di- agnostics and offer very different policy recommendations, which is not particu- larly helpful for the country. Secondly, by mobilising the necessary technical exper- tise, including data collection, monitoring and evaluation systems. And thirdly, by ad- justing their portfolio of lending, invest- ments and grant operations. Today a con- akzente 3/18 29