High level panel: "Employment and Social Justice in a Globalizing Economy"
Greek Minister of Labour and Social Security addresses the panel | Egyptian Finance Minister addresses the panel |
>> Watch the full video recording of the panel on "Employment and Social Justice in a Globalizing Economy"
Monday 13 June 2011, 3:00-4:45 P.M. - Geneva, Palais des Nations, Assembly Hall
ILO statistics paint a grim picture of the current global employment situation with 210 million people out of work – the highest number in history; and over half of the global workforce in vulnerable employment. In the next 10 years, more than 440 million new jobs will be needed to absorb new entrants into the labour force, and still more to reverse the unemployment caused by the recent crisis. While the world is seeing significant levels of economic growth in some countries, unemployment, particularly for young people, remains at record levels in many countries, posing enormous long term social and economic challenges including threats to social cohesion.
ILO statistics paint a grim picture of the current global employment situation with 210 million people out of work – the highest number in history; and over half of the global workforce in vulnerable employment. In the next 10 years, more than 440 million new jobs will be needed to absorb new entrants into the labour force, and still more to reverse the unemployment caused by the recent crisis. While the world is seeing significant levels of economic growth in some countries, unemployment, particularly for young people, remains at record levels in many countries, posing enormous long term social and economic challenges including threats to social cohesion.
The panel discussed measures needed to ensure that economic growth translates into decent work:
- Can high growth emerging economies also generate high growth quality employment?
- Can developing economies combine robust economic growth and robust growth in quality jobs?
- In most developed economies do modest growth rates mean prolonged high unemployment?
- What global governance and coordination arrangements would give equal priority to economic growth and to expansion of decent work?
>> Read the summary report of the panel “Employment and social justice in a globalizing economy”
Participants:
- Mr. Samir Radwan, Minister of Finance, Arab Egypt Republic
- Ms Louka Katseli, Minister for Labour and Social Security, Greece
- Ms. Sharan Burrow, General Secretary, ITUC
- Mr. Peter Clever, Director General, German Confederation of Employers
- Mr Min Zhu, Special Adviser to the Managing Director, International Monetary Fund
- Ms. Jayati Ghosh, Professor, Centre for Economic Studies and Planning, Jawaharlal Nehru University