Table of contents of the study “The global crisis. Causes, responses and challenges”

This important collection of essays brings together the main findings of ILO research since the start of the global financial and economic crisis in 2008. With contributions from diverse research disciplines, the volume provides new perspectives on employment and income-led growth and the role of regulation, and makes policy recommendations for the future.

The collection presents the different policy responses that have been put in place in different regions and assesses their effects. It also examines the reforms that are needed in labour markets, incomes, enterprises and social protection to achieve a sustainable recovery in the world of work. The role of social dialogue in overcoming obstacles to the implementation of these reforms and in ensuring their equity is discussed. Finally, the volume looks at how globalization of trade and finance can be made fairer.

Table of contents

PART I CRISIS RESPONSES: INTERNATIONAL AND REGIONAL PERSPECTIVES

1 Responding to the global crisis: Achievements and pending issues
Raymond Torres

2 Explaining Latin America’s robust recovery from the crisis
Andrés E. Marinakis

3 Recovery, job quality and policy priorities in developing Asia
Gyorgy Sziraczki, Kee Beom Kim, Nikhilesh Bhattacharyya, Sukti Dasgupta and Valerie Schmitt-Diabate

4 The labour market in the Arab States: Recent trends, policy responses and future challenges
Zafiris Tzannatos, Tariq Haq and Dorothea Schmidt

PART II POLITICAL ECONOMY OF CRISIS RESPONSES

5 Post-crisis macroeconomics and least developed countries: A way forward
Iyanatul Islam and Sarah Anwa

6 The politics of economic adjustment in Europe: State unilateralism or social dialogue?
Youcef Ghellab and Kostantinos Papadakis

7 Labour flexibility and economic recovery in Europe: Focus on Romania
Robert Kyloh

PART III EMPLOYMENT RECOVERY WITH QUALITY JOBS

8 Employment-led growth and growth-led employment in the recovery
Duncan Campbell

9 What has happened to Okun’s law in the United States and Europe? Insights from the global financial and economic crisis and long-term trends
Sandrine Cazes and Sher Verick

10 The fiscal stimulus package in Indonesia and its impact on employment creation
Kazutoshi Chatani and Christoph Ernst

PART IV ACHIEVING INCOME-LED GROWTH

11 Wages and economic crisis: Towards a new perspective on wages, productivity and economic growth
Patrick Belser and Sangheon Lee

12 Social security: Three lessons from the global crisis
Christina Behrendt, Florence Bonnet, Michael Cichon and Krzysztof Hagemejer

13 Income-led growth as a crisis response: Lessons from Brazil
Janine Berg and Steven Tobin

PART V REBALANCING GLOBALIZATION

14 The trade and financial crisis in India and South Africa
David Kucera, Leanne Roncolato and Erik von Uexkull

15 The role of international labour standards in rebalancing globalization: A legal perspective
Eric Gravel, Tomi Kohiyama and Katerina Tsotroudi

16 The future of finance: Scenarios of financial sector reforms and their labour market implications
Ekkehard Ernst