The main purpose of the joint EC-INST work is to ensure that policies evolve in a manner which addressed these challenges while harnessing effectively the opportunities presented via a more integrated global economy.
To achieve this, the joint EU Commission-ILO research was undertaken in principally two parts:
Part I: Addressing the short- and medium-term labour market and social challenges of the current economic and financial crisis:The first part of the analysis, examines lessons learned and best practices from previous crisis. Moreover, it undertakes a deeper analysis of the current economic crisis with a view to proposing solutions to mitigate the short- and medium-term labour market and social challenges facing EU countries.
Part 1: Synthesis Report
This first report examines the origins of the deep financial and economic crisis that hit the world economy in 2008 and that continues to shape labour market performance across the globe. The report discusses general lessons to be learned form financial crises as well as the role of global imbalances that have taken a prominent place in the current crisis.
Part 2: Preparing European labour markets to adapt to the long-run challenge of ensuring the joint social and environmental sustainability of globalization:The purpose of this second part of the project is to better understand the nature of the green economy and the implications for labour markets. It shows that a double dividend – encompassing greater decent work opportunities and a greener economy – is possible, provided that ade¬quate complementarities between environmental, economic and social policies are created.
Part 2: Synthesis Report
This second report aims to promote a clearer understanding of the nature of the green economy and its implications for labour markets, especially the reallocation of jobs from high- to low-polluting sectors. It shows that a double dividend in terms of increased decent work opportunities and a greener economy is possible, provided that complementarities between environmental, economic and social policies are adequately exploited.