Market deregulation boosts employment growth, but coordination is key for success.
Market deregulation, like making labor and product rules less strict, can boost job growth. A study looked at data from OECD countries between 1990-2004 and found that less regulation leads to more jobs. The study also suggests that the best way to deregulate depends on the costs and how different reforms interact. If decisions are made separately, there might be too much or too little deregulation. To get the best results, deregulation efforts should be coordinated across different areas and not just focused on one sector.