Employment implications of the global economic slowdown 2001 : responding with a social focus

Issues in Employment and Poverty, Discussion Paper No.2

Argues that a sharp economic downturn such as the 2001 recession not only causes loss of employment and social protection for workers, but also loss of profits for enterprises. Such periods can, therefore, lead to tension in societies, in general, and work places in particular. In such a climate, the decent work approach, based on creating job opportunities, social protection, rights at work and social dialogue, can help minimize the adverse social effects of recessions.