Abstract
Advanced and mature societies are undergoing a fundamental transformation of their economic, political, technological and social lives. Developing countries are rapidly catching on and accelerating their participation in the transformation which is equally rapidly becoming global. Yet, at the same time, the process of globalization itself is exhibiting signs of a reversal towards relocalization, i.e. rebounding after the strong global outbound of the past fifty years. The change of paradigms and change of dominant business models accompany such transformations. Yet, transformations get naturally confounded with ongoing recessions and crises. Disentangling the phenomena of crisis from those of transformation remains a challenge, especially for politicians. In this paper we primarily address the issues of unemployment and the changing nature of employment in mature economies.