Can Labour Market enhance investments prospects in a country?

Labor market information is critical in enhancing the country’s investment prospects, a Cabinet Minister said

Labour and Social Services Minister Paurina Mpariwa told participants at a workshop on labour market information systems that the availability of information about occupations and labour market trends could compel investors to consider Zimbabwe and most other African countries as important investment destinations.

“For investors and employers to make investment decisions they need information about the size of the labour force, the skills and qualifications, the output of training institutions, the age distribution and many other aspects,” she said.

Labour market information (LMI) services, Minister Mpariwa said, were important in analysing employment data such as registration, live registers, existing vacancies, placements and employer information in order to arrive at meaningful labour market signals.Economists say the phenomenon of globalisation was placing much emphasis on the importance of efficient labour market systems for nations to effectively compete in the international socio-economic value chains.They also suggested that as African countries devolved towards establishing a socio-economically integrated region, it was important for current labour market information to be known.

Do you think such a development can boost the African economies, lets discuss??