Unemployment Introduction,

Definition

Unemployment is the condition of being jobless despite actively seeking work. It is a critical economic indicator that reflects the health of an economy and influences policy decisions within the context of international political economy and institutions like the Bretton Woods ones.

Related terms

Bretton Woods Institutions: These are financial institutions created in 1944, including the World Bank and International Monetary Fund (IMF), aimed at fostering global economic stability and development.

Poverty: A state where individuals or communities lack financial resources and essentials for a minimum standard of living, often measured by income levels.

Inequality: The uneven distribution of wealth, income, or opportunities among different groups in society, contributing to disparities in living standards and access to resources