99th International Labour Conference

"Real economy" leaders discuss policy responses to global economic and jobs crisis

Leaders from the real economy, meeting at the International Labour Organization's annual conference, held a high-level debate on ways out of the global economic and jobs crisis and called for an urgent, balanced policy approach that would combine economic recovery with jobs growth.


Two high-level panels were convened at the ILO’s International Labour Conference amid growing concern over unemployment, which remains at its highest point ever, and the impact of the sovereign debt crisis and recent moves to reduce deficits, impose austerity measures and take other steps towards fiscal consolidation.

The two panels were convened to discuss ways of forging a job-rich recovery and fostering more sustainable and balanced growth through making employment a macroeconomic objective of the same order as low inflation and deficits. They also discussed the contribution of productive employment and social protection to realizing faster progress to achieve internationally agreed development goals such as the MDGs.

Many speakers voiced strong support for the ILO’s Global Jobs Pact and Decent Work as providing a foundation for a sustainable way out of the crisis.
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> Pictures of the event

Videos of the panels

Panel 1: The Global Jobs Pact and macroeconomic policy (video – 12’30’’)

The panel heard keynote addresses by:

Moderated by Mr. Simon Long from The Economist, panellists discussed various issues including how employment can become a macroeconomic objective of the same order as low inflation and deficits. Panellists included:

Panel 2: The role of productive employment and social protection in realizing internationally agreed development goals and the MDGs (video – 7’03’’)

Moderated by Mr. Americo Martins dos Santos from BBC World Service, panellists discussed various issues including the role of social protection as a development and poverty reduction tool.
Panellists included:

For more information please contact the Department of Communication and Public Information: +4122/917-6700, communication@ilo.org