ABSTRACT
The intermediate economy option derives from the rationale of schemes for insertion through economic activity during the 1970s and 1980s. Although in the years before the recent crisis many of these insertion initiatives saw themselves as part of an alternative economy, establishing an intermediate economy thus requires a much broader revamping of the institutional framework. However, even if employment policy is to be rethought globally linking together transitional labor markets, there remains the problem of helping the intermediate economy cope with the tertiarisation of productive activities. In short, the insertion economy, viewed as an intermediate economy, 16 remains dependent on employment demand from enterprises. Given that a major upturn in job creation in the market economy seems to be unlikely or undesirable, one can attempt to develop a completely new role for the public-sector economy.
